Besides being a good guy [and an excellent talent spotter-ed.] he's a first-rate journalist. Here's an example of an ability I wish I had.
Nouriel Roubini is the NYU economics professor known lovingly around Wall Street as “Dr. Doom” for his foresight in predicting the end of the financial system as we know it. Blogger/strategist Barry Ritholtz, who hasn’t been much more optimistic, is joining him this afternoon for a conference call to discuss the credit crunch. Should be fun! And by “fun,” we mean “a good time to stock up on canned goods.”
5:08: Roubini starts out saying there are six things to think about. The first question has about 10 parts. Could be a long call.5:11: The U.S. economy risks a negative feedback loop: Economic woes hurt creditworthiness, hurting banks, hurting credit, hurting the economy. Wash, rinse, repeat, lose your house.
5:14: The Fed’s next move is likely a rate cut....MORE