>>really! Roubini has predicted a recession every single year since 2008! Unlike, say, a set of sports games, you don't get an automatic reset to zero on Jan 1

>>really! Roubini has predicted a recession every single year since 2008! Unlike, say, a set of sports games, you don't get an automatic reset to zero on Jan 1 2009, Jan 1 2010 etc and start with a "fresh new prediction" for year N+1. The bubble just keeps going on, as long as it is humanly possible (i.e. by exploring the limits of money printing) to sustain it. Which is why the crashes just keep getting more and more severe (which is, by the way, another indicator that your analysis is incorrect). It is entirely possible that Roubini was correct every year, and that the populace as a whole is not economically literate enough to ask basic questions such as "How does my government decide how many units of currency to print each year?", and that once the bubble does burst, it is just the same Roubini bubble times 10.