Wednesday, September 2, 2009

Queen Elizabethnomics!

Who did predict the near ending current global financial crisis? Swaminathan S Anklesaria Aiyar argues in an article published in today’s ET. The economists such as Alan Greenspan, Ben Bernanke, Tim Besley, Nouri El-Roubini, Stephen Roach, Nissim Nicholas Taleb, Rahguram Rajan and Robert Shiller have predicted the present US housing bubble. However, according to centrist economist Paul Samuelson the “Wall Street indices have predicted nine of the last five recessions.”

Further reading:

Mr. Rajan Was Unpopular (But Prescient) at Greenspan Party

Raghuram Rajan Is My Guru Now...

The Raghuram Rajan Fan Club

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