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by pwnguin 5636 days ago
Personally, I like Schiller (http://www.econ.yale.edu/~shiller/) more than Roubini. His record: he wrote a book called Irrational Exuberance, and the .com market promptly crashed. He wrote papers from 2003 to 2007 suggesting the housing bubble was real, what it's effects were and how it might be mitigated / avoided.

Where Roubini simply says we're all walking in the dark, Schiller is the rare critical eye who offers, in public, insight about where and how things are going wrong.
2 comments
igravious 5636 days ago
Personally, I like Mike Whitney (most recent article http://counterpunch.org/whitney01062011.html) more than Roubini. He's not so famous as Schiller but he's not afraid to connect the dots politically as well and call a wealth-based transfer from poor to rich class warfare when that is what it is.

He called the Great Recession many times from 2006 onwards, just dig through that site for his articles, like this way for instance (https://encrypted.google.com/search?hl=en&q=%22by+mike+w...) - really, the guy is super cynical but nothing macroeconomic-wise escapes his beady eye.

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borism 5636 days ago
ugh, this guy seems to be nuts!

does he have any economic education at all?

also, his blog host seems to be unreachable.

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igravious 5636 days ago
Please don't be crude :) Yes, like a fine malt whiskey Mr. Whitney can go straight to your head. I never said that he was an economist mind you, just that his economic analysis is spot on and he was yelling "housing bubble!", "credit bubble!" as the regular economists were ignoring Roubini et al. Whitney is pessimistic but if you hadn't noticed there has been a lot to be pessimistic about for the last 5 years of irrational exuberance and recessionary times. Besides, he's an accessible and engaging writer. Take the time to go back to a few of his articles from years gone by to get a feeling about his track record and insight.
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borism 5636 days ago
I like Bob Schiller very much also. Really down to Earth guy and not extremely opinionated. Mostly his predictions are a range of possibilities, not 100% certain events like it is the case with Roubini.

When asked whether something is (over|under)valued he mostly answers he's not sure. If only others in Economics were as humble...

P.S. and obviously this is not something that will get one any upvotes :)

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