Friday, May 1, 2009

Who Is Nouriel Roubini also known as Dr Doom ?

Nouriel Roubini is a Professor of Economics at New York University

Often called “Dr. Doom,” Roubini has been warning of the coming economic crisis since 2006 with uncanny accuracy on events leading to the downturn. He’s passionate about outlining scenarios of unprecedented economic panic and market loss, terrain many economists don’t touch. Roubini served as advisor to the Treasury Department and as member of the White House Council of Ecnomic Advisors under the Clinton Administration, focusing on international affairs.

Early Take on the Crisis: September 2007: “I expect that this financial turmoil is going to persist and it will be a vicious circle where the real economy gets worse and the financial markets get tighter and vice versa, the tightening of financial conditions leads to a slower economy.”

Current Outlook: He thinks the worst is not over for the economy, saying, “The global economy is now literally in free fall as the contraction of consumption, capital spending, residential investment, production, employment, exports and imports is accelerating rather than decelerating

Non-Economic Tidbit: Roubini is fluent in four languages -- Farsi, Hebrew, Italian and English.

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