Economist Nouriel Roubini Lashes Out at CNBC Host

[cal04]

http://www.nytimes.com/aponline/2009/04/08/world/AP-Canada-Roubini-Cramer.html?_r=1

CNBC's Jim Cramer has another feud on his hands.

Just weeks after ''The Daily Show'' host Jon Stewart took Cramer to task for trying to turn finance reporting into a ''game,'' famous bear economist Nouriel Roubini criticized Cramer on Tuesday for predicting bull markets.

''Cramer is a buffoon,'' said Roubini, a New York University economics professor often called Dr. Doom. ''He was one of those who called six times in a row for this bear market rally to be a bull market rally and he got it wrong. And after all this mess and Jon Stewart he should just shut up because he has no shame.''

Cramer recently wrote in a blog that Roubini is ''intoxicated'' with his own ''prescience and vision'' and said Roubini should realize that things are better since the stock market bottom in March. Stocks have rallied 26 percent since.

Roubini said in 2006 that the worst recession in four decades was on its way. He has attracted attention for his gloomy -- and accurate -- predictions of the U.S. financial market meltdown.

Roubini said the latest surge is just another bear market rally following the pattern of other rallies after the government intervened. He expects the market will test the previous low because of worse than expected macroeconomic news, disappointing earnings and because banks will fail after the stress tests come out.

[Earth Bound Misfit]

1. ''Cramer is a buffoon''

The "hipster doofus" tag seems to fit.


:evilgrin:

ETA: k & r

[Puzzler]

2. Maybe Cramer should just STFU ...

...idiot's like him seem to miss the blindingly obvious. Just compare Roubini's predictions to Cramer's over the last few years. Now who's "intoxicated"?

[Ex Lurker]

3. Cramer is a buffoon

but Roubini is not infallible. He's had a good run, but at some point he's going to be wrong, too.

[Dr.Phool]

4. Cramer is a circus clown. He's paid to be a buffoon.

He's a cheerleader being paid to shill stocks.

[marmar]

5. Cramer is a discredited fraud.....He ought to be cleaning toilets with his skill set.

n/t