Will Dr. Gloom and Dr. Doom’s Next Domino Fall?
The New York Times columnist and Nobel laureate Paul Krugman ("Dr. Gloom") and New York University professor Nouriel Roubini ("Dr. Doom"), who gained fame as one of the first to detect the U.S. housing bubble, have fingered tiny Latvia as the next domino to fall. They argue that Latvia is in the same situation as Argentina was in late 2001. And as a result, Latvia will be forced to devalue its currency and default on its debt, as did Argentina in early 2002. Then, the argument goes, neighboring
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