The Case for the World Economy’s Defense Is Made as Stocks Swoon
- `There's a gap of perception versus reality,' investor says
- Roubini rules out repeat of 2008-style economic collapse
Nouriel Roubini: Global Economy Not Back to 2008
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Economists make astrologers look good, John Kenneth Galbraith once said. In the 1960s, Paul Samuelson congratulated stock investors on predicting nine of the last five recessions.
Academics can once again sharpen the snark as markets’ January swoon belies consensus growth forecasts. Most of the elites who offered their view at the World Economic Forum annual meeting in Davos, Switzerland, last week weren’t too downbeat.