[lbo-talk] they don't make mega-bears like they used to

Doug Henwood dhenwood at panix.com
Sun Dec 28 11:02:01 PST 2008


On Dec 28, 2008, at 12:46 PM, Michael Pollak wrote:


> FWIW, apropos the subject heading, in the profile below, Roubini
> strenously disputes that he's a mega- or perma-bear. He says it's
> all situational: he saw the crisis coming (as did you), and now he
> sees the solution coming (solution in the sense of keeping the
> system from falling into depression or collapsing, with which you
> would also agree, no?).

Yup. In the subject heading I was referring to his reputation, not his own position. I heard him months ago at the CFR forseeing something like an 18-month recession. When I recounted that to some serious perma-bears, they were disappointed.


> See esp. the last line. In disposition (if not -- definately not --
> in intellectual accomplishments) Roubini sounds like Keynes: a
> capitalism cheerleader who concentrates on predicting disasters in
> order to warn the system managers. So he can continue enjoying his
> epicurian life.

I can see the charms of hosting model-rich parties in an apartment lined with plaster vulvas!

His emails to Nick Denton, though, are deeply insane.



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