Roubini: Hate to say I told you so

Tue, 10/07/2008 - 1:32pm

Economic prophet-of-doom Nouriel Roubini seems to be feeling pretty smug these days, and who can blame him. Here's part of an e-mail he sent in response to a question from Portfolio's Felix Salmon:

Read my February 12 steps to a financial disaster paper. We are now as I predicted at step 12
Sorry if I now say I told you so...
Feeling a little chastised for giving me so much s--t on your blog for the last year and siding persistently with those who missed the boat and said all wil be fine? Should I expect a public mea culpa?
It would be useful if you would publicly admit you got it totally wrong for the last year.

Salmon obliges.

For the record, no one can accuse FP of blowing off Roubini. The RGE Monitor chairman wrote a cover story on "The Coming Financial Pandemic" for our March/April issue and a Web exclusive on why "a financial meltdown is more likely than ever" exactly a year ago.



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