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What Exactly is Nouriel Roubini Good For?

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THE WALLS! THE APARTMENT WALLS! JUST DON'T LOOK AT THE WALLS!
What is Roubini good for?, asks Justin Fox in the Harvard Business Review. After all, he didn't exactly predict the crisis as he claims. "As Damien Hoffman has documented, Roubini spent several years predicting a very different sort of crisis — one in which foreign central banks diversifying their holdings out of Treasuries sparked a run on the dollar — only to turn in late 2006 to warning of a U.S. housing bust and a global "hard landing.""

"He's a scenario-spinner, not a prophet. And now that his scenarios of the financial future are widely known and at least partially accepted, it's hard for him to say much of anything that can surprise us."

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