The short version

Nouriel Roubini predicted on September 7, 2006: “I believe for a number of reasons that the world is not going to decouple from a U.S. hard landing. As they say, when the U.S. sneezes, the rest of the world gets a cold.” Verdict: Called it. The 2008-09 crisis was global — Europe, Japan, and EM all contracted; 'decoupling' thesis collapsed.…

Prediction by

Nouriel Roubini

On September 7, 2006

“I believe for a number of reasons that the world is not going to decouple from a U.S. hard landing. As they say, when the U.S. sneezes, the rest of the world gets a cold.”

Follow-up

The 2008-09 crisis was global — Europe, Japan, and EM all contracted; 'decoupling' thesis collapsed.

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