authors / nouriel roubini

professor of economics, gained renown for predicting current economic crisis.

0 wrong, 0 right, 9 open

prediction category testable status submitted
quote: "Studies done by experts in banking suggest that at least 8% of U.S. banks are in big trouble. Eight percent of the roughly 8,500 that the FDIC essentially is insuring equals about 700 banks. Another 8% to 16% also are shaky, so some 700 potentially are going bust and another 700 eventually could join them. Yet the FDIC is watching only [ninety] institutions. It's a joke." Later in article predicts that 1/2 of 36 regional banks will go bankrupt: "Of three dozen or so medium-sized regional banks, a good third are in distress. That includes the Wachovias and Washington Mutuals of the world. Half of this group might go bankrupt."
2.8.2008   		finance -8 months open 8.5.2009
the United States government will nationalize selected big banks amid an economic contraction continuing through the end of 2009
26.3.2009   		finance -2 months open 28.3.2009
I expect the recession to continue all the way through the end of this year. The rate of economic contraction is going to slow down from minus 6 [per cent annually] in the first quarter to something close to minus 2 by [the fourth quarter].
3.4.2009   		finance -2 months open 3.4.2009
"I have said on numerous occasions that the recession would last roughly 24 months. Therefore, we are 19 months into that recession. If, as I predicted, the recession is over by the end of the year, it will have lasted 24 months with a recovery only beginning in 2010."
16.7.2009   		finance -1 months open 2.8.2009
"I now forecast that the U.S. will display positive real GDP growth in the second half of 2009."
20.8.2009   		finance -1 months open 29.8.2009
"However, the NBER is not likely to call the end of the recession until at least late 2009 or early 2010."
20.8.2009   		finance -2 weeks open 29.8.2009
Global trade volumes will contract 12% in 2009.
23.4.2009   		finance 1 months open 26.4.2009
loan and securities losses in the U.S. will reach $3.6 trillion
26.3.2009   		finance 52 months open 28.3.2009
"Potential GDP growth might also take a hit, falling from around 2.8% during 1997-2008 to around 2.25% in the coming years."
20.8.2009   		finance 62 months open 29.8.2009