Comments Posted By Archon
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IS ALL THE ECONOMIC DOOM AND GLOOM JUSTIFIED?
When it comes to understanding a crisis, I tend to have more respect for the analyses and forecasts of those who were right before the event and less for those who were wrong.
For example, when it comes to understanding global Islamic terrorism, I have more regard for the analyses of Daniel Pipes and Steve Emerson than for those of John Esposito and Larry Johnson. Many of us recall what each of the four said about Islamic terrorism before 9/11.
On the current economic crisis I pay more heed to the analyses of Nouriel Roubini, Peter Schiff, Satyajit Das, Marc Faber, and Meredith Whitney - each of whom, in their own way, predicted the crisis - than Larry Kudlow, Jim Cramer, Ben Stein, Barney Frank, and Alan Greenspan.
That doesn't mean that those who were right are now sages who are right about everything. And they may have very different future forecasts and prescriptions on how to address the crisis. For example, Roubini is liberal who likes Obama and Schiff was an advisor to Ron Paul, and they have very different policy suggestions. But I respect what both have to say.
Comment Posted By Archon On 24.11.2008 @ 01:31
