At a time when many economists and financial commentators where underplaying, if not downright ignoring, the looming credit crunch, Roubini was warning of the impending chaos of the markets. Some may claim that he was simply lucky (even a broken clock is right twice a day), but Roubini’s arguments were always couched in explicit logic and backed by relevant data. I can remember reading his musings while still in graduate school and hoping that his analysis was flawed. Unfortunately, it wasn’t. Lately, he has been warning about the potential problems of sovereign debt and there are signs that once again his perspective should be taken quite seriously.
Even if he never goes on to predict another major economic event he still managed to be on point with the meltdown of 2008, and that is no small accomplishment.