Some people remember the global financial crisis that started a decade ago fondly. John Paulson, for instance, although nowadays perhaps slightly less so. But no one relishes it quite as much as NYU economist Nouriel Roubini. This is not just because Dr. Doom called the crash, but because—unlike Paulson—he’s been dining out on it ever since.
He wrote a well-received book, titled “Crisis Economics.” He has been in high demand on the lecture circuit. And he has amassed nearly 450,000 Twitter followers; a total, he says, that is second only to Paul Krugman among economists.
“Every day, someone on the street stops and says, ‘Can I take a picture with you?’” the 60-year old said in a recent interview.
And that’s to say nothing of the movie cameos and all of the hot-tub pussy parties he’s hosted over on East First Street post-2008. It’s enough to make a gloomy perma-bear smile, especially since his reputation as a jet-black crystal ball hasn’t exactly panned out over the past 10 years. But mark the self-proclaimed Dr. Realism’s words: One day, his inveterate pessimism shall again pay off, and it will be awesome. For him. Especially in the boudoir.
After the crisis, Mr. Roubini stuck with his bearish views, failing to foresee the economic rebound and powerful stock market rally that followed. In August 2011, he told The Wall Street Journal that the risk of a global recession was at least 50%. By 2014, he had turned more bullish.
Despite his sunnier view on the economy, he still frets that a slowdown in China or faster-than-expected increase in inflation could change his outlook.
“If there will be another crisis, I would be the first one to warn about it,” Mr. Roubini said.
Watch this space.