Originally aired in December of 2007 this classic Bull-Bear debate on the "Goldilocks Economy" sees the Bear, Dr. Nouriel Roubini, coming out decidedly on top.
Roubini accurately pointed out that real consumption had been weak, residential investment had been collapsing and that we were seeing the worst financial crisis in years.
Wesbury amazingly put aside housing and the credit turmoil and rattled off a bunch of anecdotes about getting parking and a seat at a restaurant and then suggested that there was no evidence that this economy was slowing down.
Sunshine and Good Weather?!?! Write Ups instead of Write Downs!!??
I can hardly believe that a professional economist and forecaster could be so absurdly foolish... WHEN will CNBC and the rest of the traditional media recognize that Brian Wesbury has absolutely no credibility?
