Saturday, June 19, 2010

NNT & Roubini on Newshour

NNT appeared with Nouriel Roubini in a recent segment of Newshour. Both of them predicted the crash, and did so on Newshour in 2006, so they invited them back for a joint appearance. Interestingly, Roubini joins in the call of deficit reduction although he recognizes that it could trigger an economic slowdown. I trust his opinion in this regard more than NNT's. Both fear the potential for a longer, bigger downturn if we don't act to reduce the deficit.

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