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The Worst Is Ahead (Roubini)

forbes.com

11–20 of 20 posts

Re: The Worst Is Ahead (Roubini)

#11

+1 for print version. Print version == less size per paragraph in bytes and visual overhead. This is especially good for mobile browsing, and I can't think of one instance where I would have missed something in the "web" version.

Unfortunately internet writers are mostly paid with ads. I see Forbes, however, was wise enough to include an ad on the print version.

Re: The Worst Is Ahead (Roubini)

#12

indeed, look at the great depression, look at japan in the 90s. in each of these secular bear markets, markets rebounded for gains as high as 100% from the previous low...yet still the ultimate direction of the market was downward. DJIA will rebound at some point to around 12k, then back down to 5k. it will be most amusing watching the last hopeful traders plow back into the market only to fall into an obvious bear t…

Actually, from your own analysis of other bear markets, the best thing to do is to dump everything you can into the markets, a la Buffet. (Wonder if this is exactly what he's thinking?)

DJIA will rebound at some point to around 12k, then back down to 5k

Clearly then, the best course of action is to invest, then get the heck out right as the market seems to have recovered well...

Re: The Worst Is Ahead (Roubini)

#15
You know what all these articles remind me of? They remind me of how they used to hype the technology boom of the 2000s. You would see the same articles by the same people talking of how the situation would continue forever, and how great everything was and so on.

Right now, they are doing the exact same thing, but in reverse. I'll go with my instincts on this one instead of acting based of articles - when prices change in my supermarket, when clients stop calling, when my friends start getting laid off - then I will worry.

Worrying because of newspaper articles is like digging a bunker for the Y2K crisis.

Re: The Worst Is Ahead (Roubini)

#16

You know what all these articles remind me of? They remind me of how they used to hype the technology boom of the 2000s. You would see the same articles by the same people talking of how the situation would continue forever, and how great everything was and so on. Right now, they are doing the exact same thing, but in reverse. I'll go with my instincts on this one instead of acting based of articles - when prices cha…

You laugh now, but that avian flu pandemic is right around the corner, if the terrorists don't kill us first.

Re: The Worst Is Ahead (Roubini)

#17

indeed, look at the great depression, look at japan in the 90s. in each of these secular bear markets, markets rebounded for gains as high as 100% from the previous low...yet still the ultimate direction of the market was downward. DJIA will rebound at some point to around 12k, then back down to 5k. it will be most amusing watching the last hopeful traders plow back into the market only to fall into an obvious bear t…

>ultimately we will get hyperinflation as the govt prints literally trillions to monetize the various debts of the govt.

Someone's been reading too many Austrian economists.

Monetary and fiscal stimulus do cause inflation in the long run, but not every bit of stimulus is doomed to lead to hyperinflation. Our government was extremely profligate with monetary and fiscal policy from 2001-2005 or so, and we saw a gentle decline in the dollar's foreign exchange value and a gentle increase in domestic inflation. Hyperinflation was never in the cards.

Re: The Worst Is Ahead (Roubini)

#18

+1 for print version. Print version == less size per paragraph in bytes and visual overhead. This is especially good for mobile browsing, and I can't think of one instance where I would have missed something in the "web" version.

Unfortunately internet writers are mostly paid with ads. I see Forbes, however, was wise enough to include an ad on the print version.

My comment was aimed at HNers, who graciously post the link directly to the print version from time to time. Just wanted to encourage this :).

Re: The Worst Is Ahead (Roubini)

#19

Earlier quoted context omitted.

Unfortunately internet writers are mostly paid with ads. I see Forbes, however, was wise enough to include an ad on the print version.

My comment was aimed at HNers, who graciously post the link directly to the print version from time to time. Just wanted to encourage this :).

Haha yeah HNer's aren't exactly the type of people who click on ads.

Re: The Worst Is Ahead (Roubini)

#20
It seems like there are only two kinds of economists, "stopped clocks" and "wind socks".

The stopped clocks are ecstatic that their doomful (or glorious) predictions are finally right -- never mind the fact that they've been wrong nine years out of ten.

The wind socks just take whatever's happening now, good or bad, and say it'll keep on happening forever.

No wonder they call economics "the dismal science".

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