Comments on: Roubini warns ‘Too Much, Too Soon, Too Fast’ http://www.avirgintrader.com/index.php/archives/roubini-warns-too-much-too-soon-too-fast Diary of a virgin share trader - buy the ticket, take the ride. Wed, 25 Nov 2009 19:57:09 +0000 http://wordpress.org/?v=2.8.6 hourly 1 By: Trader http://www.avirgintrader.com/index.php/archives/roubini-warns-too-much-too-soon-too-fast/comment-page-1#comment-59 Trader Fri, 09 Oct 2009 10:07:19 +0000 http://www.avirgintrader.com/?p=495#comment-59 He is an economist, as I am. Economists say, “on the one hand...” and they counter it by saying, “and on the other hand...”. Some claim economics is a science. I cannot see how you can show how economies outside the classroom adhere to scientific rules. Economics is illustrative, not prescriptive. That said Mr. Roubini’s track record speaks for itself. The area that he addresses, asset price inflation, is one to which bankers and politicians are blind – unless they can claim some advantage. They simply do not account for the downside risk of asset price inflation – or another area Roubini addresses: the acceleration and trajectory of asset price inflation – the stock market rising 45 % in a few months. He is an economist, as I am. Economists say, “on the one hand…” and they counter it by saying, “and on the other hand…”.

Some claim economics is a science. I cannot see how you can show how economies outside the classroom adhere to scientific rules. Economics is illustrative, not prescriptive.

That said Mr. Roubini’s track record speaks for itself. The area that he addresses, asset price inflation, is one to which bankers and politicians are blind – unless they can claim some advantage. They simply do not account for the downside risk of asset price inflation – or another area Roubini addresses: the acceleration and trajectory of asset price inflation – the stock market rising 45 % in a few months.

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