Nouriel Roubini to Testify on Capitol Hill

"Dr. Doom" will address lawmakers at a hearing in Washington later this month.


I just got the release for a Joint Economic Committee hearing scheduled for later this month. Looks like Nouriel Roubini—who predicted the housing bust and the credit crisis—will be among those testifying.

From the release:

Washington, D.C.— U.S. Senator Charles E. Schumer and Representative Carolyn B. Maloney, Chairman and Vice Chair respectively of the Joint Economic Committee (JEC), will hold a hearing about the Bureau of Economic Analysis's release of the Gross Domestic Product (GDP) numbers for the third quarter on Thursday, October 30, 2008 at 10:00 am in Room 106 of the Dirksen Senate Office Building. Preliminary data show that export growth has stalled while real consumer spending declined in July, and did not grow in August, and retail sales have fallen sharply over the past few months. These data indicate that the third quarter GDP will likely show faltering overall economic performance.

The JEC hearing entitled, "Faltering Economic Growth and the Need for Economic Stimulus," will feature economic experts who will examine whether the new data point us towards the need for more economic stimulus and what that stimulus should entail.

WHAT: Joint Economic Committee Hearing: "Faltering Economic Growth and the Need for Economic Stimulus"

WHO: Nouriel Roubini, Professor of Economics and International Business, New York University
Simon Johnson, Ronald A. Kurtz Professor of Entrepreneurship, MIT
Additional witnesses may be added

WHEN: 10:00 am, Thursday, October 30, 2008.

WHERE: Room 106, Dirksen Senate Office Building