Monday, May 24, 2010

Tom Brown vs Dr Doom

Apparently I'm not alone in my criticism of Nouriel Roubini. Tom Brown's latest post on BankStocks.com refers to Dr. Doom as a "reflexive, tendentious crank". The article entitled Nouriel Roubini: Still Wrong is worth a quick read.

In recent interviews, the professor wanders into Tom Brown's area of expertise... banks. And Brown illustrates several areas where the rhetoric runs short of the facts.

But this was my favorite part!
Nouriel Roubini has been broadly wrong about the economy, the financial system, and the stock market for--how long has it been now?--the past 18 months or so. I hope he stays negative. And when Charlie Rose and CNBC stop calling, we’ll know it will be time to worry.
Contrarians unite!

No disclosure.

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