Wednesday, August 20, 2008

An economic Cassandra whose predictions are coming true

By Stephen Mihm Published: August 16, 2008 NEW YORK: On Sept. 7, 2006, Nouriel Roubini, an economics professor at New York University, stood before an audience of economists at the International Monetary Fund and announced that a crisis was brewing. In the coming months and years, he warned, the United States was likely to face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession. FOR ENTIRE ARTICLE: http://www.iht.com/articles/2008/08/15/business/wbroubini.1.php?page=1