2008 Lookback: Best Calls of the Year

1. Short-Sellers. You were right. Everyone else was wrong.

2. Nouriel Roubini. There are plenty who can lay claim to the title of Dr. Doom — those who were bearish in time to save their clients a lot of dough — but for our money nobody explained what was going to happen as accurately as RGE Inc.’s economist. Here’s what he said in February: “To understand the Fed actions one has to realize that there is now a rising probability of a ‘catastrophic’ financial and economic outcome, i.e. a vicious circle where a deep recession makes the financial losses more severe and where, in turn, large and growing financial losses and a financial meltdown make the recession even more severe. The Fed is seriously worried about this vicious circle and about the risks of a systemic financial meltdown.” Let’s see. That’s, uh, exactly what happened.

http://blogs.wsj.com/marketbeat/2008/12/23/2008-lookback-best-calls-of-the-year/