Now this is good news……
by Tom on November 25, 2008
in Market Musings
NEWSWEEK: What are your thoughts on the team Obama assembled?
Nouriel Roubini: The choices are excellent. Tim Geithner is going to be a pragmatic, thoughtful and great leader for the Treasury. He has experience at the Treasury and the IMF [International Monetary Fund], then the New York Fed. I have great respect for both Geithner as well as Larry Summers. I think both of them in top roles in economics in the administration were good moves. I think very highly of them both.
Calculated Risk: Roubini: Geithner and Summers “Excellent Choices”.
Dr. Roubini has a reputation as:
- One of the most accurate economists in the last 5 years.
- One of the most negative econommist in the last 5 years.
So when he says that Geithner and Summers are good people for a tough spot, that makes me feel a bit better.
