Nouriel Roubini is a name we’ve often bandied about in the MetalMiner office whenever economic discussions come up. Through the years we’ve also mentioned Roubini’s prescient thinking when it came to predicting the Great Recession as well as his thoughts on gold. Now, with a double-dip recession possibly looming, Roubini, the economist who teaches at NYU and heads up the research firm Roubini Global Economics, gives the Wall Street Journal his thoughts in a recent extended interview, which you can and should watch below:
Whether Roubini’s economic thinking and assertions hold water across the board is something to be debated. For example, not everyone may agree that the Bush era is solely responsible for the country’s current fiscal mess. “If you want guns and butter, you should have high taxes during wars, he said. “Guns and butter and low taxes doesn’t work.
Also debatable is the effectiveness of Simon Constable’s questions. All in all, he doesn’t go after Roubini with contrary arguments, which you could tell he wanted to just a little bit; of course, these arguments could easily be made. (Then again, perhaps that wasn’t the purpose of this interview.)
Ultimately, when asked point-blank whether there’s anything that can be done to right the sunken ship that is the US economy, Roubini says, “probably very little.
Is this true?
Check out the interview and tell us what you think by posting a comment below.
Will there be a double-dip? Hopefully we’ve pointed you toward some things to mull over the weekend!