Nouriel Roubini #30 – The FP Top 100 Global Thinkers
From Foreign Policy:
Rarely has someone done so well predicting that the world will go so wrong. Nouriel Roubini rose to prominence for forecasting that the 2008 housing crisis would lead to a global economic meltdown, and he has been peddling a message of doom and gloom ever since. Unfortunately for all of us, he’s been right.
Since the crisis hit, Roubini has consistently pushed back against the conventional wisdom that the worst is over, notably warning in 2008 that banks’ losses would be measured in the trillions of dollars, when the optimists were still predicting that the crisis was limited to a narrow subsection of the financial sector. In just the past year, while others were holding out hope that President Barack Obama’s stimulus package would revive the struggling job market, Roubini suggested that the United States could be heading for a dreaded double-dip recession, criticized the European bailout package to Greece as “a rip-off,” and penned a provocative and widely read essay asking, “Is Capitalism Doomed?” (Answer: maybe.) A lack of “policy bullets” to address the crisis, he says, means that economists should consider the prospect of a 1930s-style Depression. “This might be the beginning of the end of the American empire,” Roubini sighed, three years ago.
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Nouriel Roubini the famous economist of New York University had made a list of Top 100 global thinkers across the world. The criteria for preparing the list was the measures they took to overcome the economic crisis, reduce bank loses; prevent the decline of the currency value etc. Thanks for sharing the list of those people.