Quick note related to yesterday’s post about financial savant Norel Roubini’s latest jeremiad on the coming economic poopstorm: Someone at Gawker’s tired of all the negativity, evidenced in this post: Professor Norel Roubini’s Timeline of Terror.

In the last couple of years, Norel Roubini has become almost a household name (at least if you live with with someone in the financial industry) for his pre-crisis predictions that the U.S. was headed for a financial catastrophe. From Wikipedia: In 2008, Fortune magazine wrote that: “In 2005 Roubini said home prices were riding [...]

Referring to the current recessionary cycle, Joseph Stiglitz says we may be in for a W-shaped recovery. Norel Roubini thinks we could go W or U. George Soros said he didn’t see a V anywhere in site. What, exactly, are they talking about? Let us consult the Wiki. V-shaped recession: “The economy suffers a sharp [...]

With so much ink and and so many electronic bytes being devoted to the economy by the media, we thought it would be interesting to see what the professionals — economists — have to say about it themselves. Here’s the first group we took a look at: Grasping Reality with Both Hands – U.C. Berkeley [...]