The Bears Divide

Free Exchange notes that Krugman and Roubini are no longer singing the same tune:

Two men who were very pessimistic for a very long time, so much so that their analysis was frequently dismissed as hyperbolic, and who were subsequently proven to be more or less right about things, are now diverging in their assessments. For perhaps the first time in my life I have to sayI hope Nouriel Roubini is right.