Thursday, January 23, 2014
Nouriel Roubini: Joey, you can just ignore him, you know
BI - Roubini's new doom scenario. Don't bother clicking through: click-whore Joey copied out a CNBC article that says Roubini thinks it's possible Japan and China go to war.
Um, Roubini seems to have forgotten that Japan doesn't really have a military. So it's not exactly in their interest to go to war.
Oh, and the US will never go to war with China. There's utterly no winning condition to pursue.
Oh, and China's leaders understand that if they add to global instability, their own economy collapses.
See, the problem is that Nouriel Roubini is an economist. Therefore, he is about as far away as you can get from being a political analyst. He utterly has no clue about politics, because as an economist you're not allowed to have any clue about politics.
Also, he's not even a particularly good economist, since he didn't even get the 2009 bottom right: he predicted yet more doom to come, instead of the fantastic rebound we've had.
Basically the only thing Roubini is good for is spazzing out on twitter like a 2-year-old. His crybaby attacks on other commentators are as fun to watch as train crashes, and apparently the number of Roubini tweets per day also correlates highly with market bottoms.
So here's a suggestion for Joey the Weasel, CNBC, and all the other clowns out there in the internet financial media:
Just ignore Roubini from now on. He's as worthless as Marc Faber or Ron Paul. Let Zerohedge, Alex Jones and Max Keiser keep Roubini all for themselves, okay?