‘Dr Doom’ needs to back up his views with hard evidence

In 2008 economist Nouriel Roubini earned widespread ridicule for claiming that the embryonic problems in the US subprime sector would mutate into an existential financial crisis that would cost the banking system over $1 trillion (€721bn).

Soon dubbed Dr Doom, Mr Roubini’s predictions were all too prescient. The global economy spiralled into a vicious downward loop that took unprecedented government and central bank action to stabilise.

In the process, Mr Roubini became an unlikely household name who bloated his bank account through syndicated articles and speaking engagements advising how bad things were going to get.