Monday, April 27, 2009

The CBO gets a bit Doomier

Nouriel Roubini, self-proclaimed Dr. Realist, on the U.S. outlook in an interview with the Washington Post...:
Next year, I believe that the growth rate is going to be low -- 0.5 percent
for the U.S., compared to the consensus view of [plus] 2 percent. I believe the
unemployment rate this year is going to go well above 10 percent and will be
well above 11 percent next year, so even if we are technically out of a
recession, we are going to feel like we are in a recession.
...now sits on the Congressional Budget Office's Panel of Economic Advisers. I don't know why, but he was not listed directly in the WSJ Real Time Economics blog's commentary of the members.

Rebecca Wilder

6 comments:

  1. This comment has been removed by the author.

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  2. Maybe he's not listed because the WSJ doesn't agree with his views. that's true of many in the news industry.

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  3. In fairness, the link at bottom of the WSJ article goes to the full list that includes Roubini. Others are also excluded from the main article.

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  4. thanks, Charles; I'll accept that - j

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  5. Hi Charles,

    I found the article after I saw the CBO list (link at bottom of WSJ). I came across the WSJ article because the headline at the top of the tab is: "Simon Johnson, Nouriel Roubini Among CBO Panel of Advisers", which was probably the original title. However, then they didn't mention Roubini in the article....seems a little odd to me. I think that if Jan Hatzius was worth pointing out - excellent economist at GS and most accurate forecaster - that Roubini was as well.

    Rebecca

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  6. I see what you mean. His celeb status shouldn't disqualify him from mention.

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