On Wall Street, Nouriel Roubini is known for being a little pessimistic.
The 64-year-old CEO of Roubini Macro Associates and professor of economics at NYU has been known as Dr. Doom because of his propensity for making dire forecasts.
However, a lot of younger market observers overlook the fact that Roubini earned himself the moniker in the middle of the 2000s when he was seeking to alert the globe to a coming financial disaster.
In 2006, when investment banks were still regularly issuing optimistic forecasts for the American economy.
Roubini was warning anybody who would listen that a housing crash in the United States was imminent.
In a study published by the International Monetary Fund that year