[lbo-talk] Roubini
SA
s11131978 at gmail.com
Thu Jan 8 14:51:56 PST 2009
By the way, on Roubini - he may well be thinking along these lines:
After years of being derided as a permabear, I've now sealed my historic
reputation as the prophet who foresaw The Great Recession while everyone
else was oblivious. But now if my forecast for the depth of the
recession proves too pessimistic, my reputation will forever be that of
a stopped clock who happened to get it right once. If my forecast ends
up being too optimistic, however, no one will notice or care.
He's facing pretty asymmetrical incentives.
SA
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