The Oracle

I'm continually puzzled by the uncritical acceptance Nouriel Roubini's predictions receive, especially from some elements in the blogosphere who are otherwise usually pretty skeptical of such persons. Roubini made a good call two years ago. But that doesn't mean his every pronouncement since then has any more predictive value than anyone else's. The idea that he possesses some superior insight or that he is some kind of disinterested commentator is silly. He's just talking his book. That's what they all do.