Nouriel Roubini Lashes Out at Jim Cramer





investor - nouriel roubiniJust a few short weeks after Jon Stewart spindled Jim Cramer on the "Daily Show", Nouriel Roubini has also taken aim at the host of "Mad Money with Jim Cramer", calling him a "buffoon".

Roubini, who became famous after correctly predicting the severe economic downturn that we are currently suffering through, said that Cramer has been constantly wrong, and that "he should just shut up because he has no shame".

According to this article in the New York Post, Cramer drew the ire of Roubini when he said that Roubini was "intoxicated" with his own "prescience and vision".

Roubini was asked to comment, and pointed out that Cramer was "not a credible analyst" and that he constantly confuses bear market rallies for the beginning of a sustained bull market.

Cramer argues that things are better now than they were "since the stock market bottom in March".

Roubini argues that we are currently experiencing a bear market rally, and that poor economic news, soft earnings and the forthcoming bank "stress test" results will take the markets lower over the next few months.

This new feud with Roubini just continues what has been a horrible start to the year for Jim Cramer.

It will be interesting to see if Cramer elects to publicly address Roubini's most recent comments.

Source: Economist Nouriel Roubini Lashes out at CNBC Host




Filed under: General Market News

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