Wednesday, July 20, 2011


Moody's cites U.S. sovereign risk vulnerability. Five of 15 AAA U.S. states on review for possible cut by Moody's.

If the McConnell/Reid plan is accurate, it will have solved nothing. It's a band-aid.

"I am ugly, but I have a beautiful mind."

-- Nouriel Roubini

Some who have met Roubini say he seems like a good guy and is certainly a respected professor. Nevertheless, he appears, "often wrong but never in doubt." And he is rarely challenged by an adoring media.

The media has a preoccupation with Dr. Roubini. In many ways, the spotlight on him, even when he is a made the following observation on Aug. 25, 2010:

"Third-quarter GDP growth is very likely to be below 1% -- and likely closer to 0% than to a pathetically lousy 1%. So double-dip risk is greater than 40%."

-- Nouriel Roubini

The media, as in many cases of numerous dire and wrong-footed prognostications by Dr. Doom, never confronted him on this -- they rarely, if ever, do.