What do you do when you're a famous permabear, but your apocalyptic predictions consistently fail to materialize? You launch an exchange-traded fund (ETF), obviously! That's exactly what economist Nouriel Roubini, aka Dr. Doom, is now doing. You may recall that Roubini was right about something very big a couple of decades ago. Before the global financial crisis of 2007-2008, he predicted an impending housing crash. Roubini wasn't the only prognosticator to call the crash, and the consequences of it played out differently than what he expected. Still, he got the gist of it right. Yet since then - perhaps emboldened by his big call - the NYU economist has predicted a handful of recessions, depressions, and economic collapses that never materialized. That includes his latest prediction (made back in 2022) of another imminent great depression driven by runaway inflation and ballooning debt. |
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