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What are some examples of things he's mostly been wrong about? I know he's been saying crypto is a scam for awhile, in addition to calls he made regarding the
by TheCowboy 4y ago
What are some examples of things he's mostly been wrong about?
I know he's been saying crypto is a scam for awhile, in addition to calls he made regarding the financial crisis under Bush.
- whimsicalism 4y agoHere's an article from 2011 illustrating a few of his predictions, including a recession in 2004, 2005, 2006, 2007/2008, 2011, and a collapse of the Chinese economy in 2013 https://www.firstpost.com/world/how-seriously-should-we-take-roubinis-doomsday-predictions-59685.html https://www.firstpost.com/world/how-seriously-should-we-take... More color: https://www.erictyson.com/articles/20081024_1 https://www.erictyson.com/articles/20081024_1
- monkmartinez 4y agoHe was right tho. There should have been a recession way before the Lehman and subsequent housing bust. History is repeating itself again with the Covid downturn. The fact that the FED/government came to the "rescue" and pushed the recession into the future is irrelevant. The reasons he was positing recessions were sound and they eventually all came to fruition. I know being early and/or late is considered being wrong. The fact remains he is calling it like he sees it. A reversion to the mean during a mania is a ballsy thing to predict. If the fundamentals are fucked, it will eventually correct.
- ethbr0 4y agoNobody cares when an economy should do something. They care when it does. If the former mattered, then it'd be a much simpler science.
- sdiacom 4y agoIt's easy to be "less wrong", or "wrong less often", by not predicting a recession in 2004, 2005, 2006, 2007/2008, 2011 and 2013. Yet it is not any more useful.
- xboxnolifes 4y agoIf you predict a recession every year for a decade+, you're not making a prediction. You're just repeating words until the inevitable happens.