Guaranteed to Fail

My review of Guaranteed to Fail is available at The Conversation. Oddly enough, the book also gets an endorsement on its jacket from our old enemy Nouriel Roubini. Since the authors are colleagues of Roubini at Stern, this may just be a collegial courtesy. Roubini’s endorsement is ironic because the book demonstrates that the crisis looked nothing like any of Nouriel’s many and varied pre-crisis narratives. Nouriel managed to forecast every crisis except the one that actually occurred.