Wednesday, November 12, 2008

Right twice

People who are right once, particularly on a big call, get a lot of attention, rightly or wrongly.

So Prof. Rubini is currently Central Casting's wet dream for Dr. Doom.

When not bed wrestling with her pro, Meredith Whitney has the financial services sector nailed.

But the guy to note is the nasal Yalie. Robert Shiller has been right on the big call twice. He nailed the Dow 36000 nonsense a decade ago, and called the dotcom bubble. Then he turned around and did it again, with residential housing.

It's awful to hear him say he wish he could be more optimistic, but . . .


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