The short version

Nouriel Roubini predicted on September 7, 2006: “Even if the Fed were to start easing to avoid a recession, in my view it is not going to prevent the recession.” Verdict: Called it. Fed cut from 5.25% to 0% by Dec 2008 — recession came anyway and proved deeper than 2001.

Prediction by

Nouriel Roubini

On September 7, 2006

“Even if the Fed were to start easing to avoid a recession, in my view it is not going to prevent the recession.”

Follow-up

Fed cut from 5.25% to 0% by Dec 2008 — recession came anyway and proved deeper than 2001.

From the High Caliber AI network — see the AI for PR module in the course.