he went on to predict time and time again, as the markets and the economy recovered in the years following the collapse, that there would be a follow-up crisis and that more extreme crashes were inevitable. His calls, after his initial pronouncement, were consistently wrong. Indeed, if you had listened to him, and many investors did, you would have missed the longest bull market run in US market history." Another observed: "For a prophet, he’s wrong an awful lot of the time." Tony Robbins wrote: "Roubini warned of a recession in 2004 (wrongly), 2005 (wrongly), 2006 (wrongly), and 2007 (wrongly)" ... and he "predicted (wrongly) that there'd be a 'significant' stock market correction in 2013." Speaking about Roubini, economist Anirvan Banerjee told The New York Times: "Even a stopped clock is right twice a day," and said: " "The average time between recessions is about five years ... So, if you forecast a recession one year and it doesn't happen, and you repeat your forecast year after year ... at some point the recession will arrive." Economist Nariman Behravesh said: "Nouriel Roubini has been singing the doom-and-gloom story for 10 years. Eventually something was going to be right." In January 2009, Roubini predicted that oil prices would stay below $40 for all of 2009. By the end of 2009, however, oil prices were at $80. In March 2009, he predicted the S&P 500 would fall below 600 that year, and possibly plummet to 200. It closed at over 1,115 however, up 24%, the largest single-year gain since 2003. CNBC's Jim Cramer wrote that Roubini was "intoxicated" with his own "prescience and vision," and should realize that things are better than he predicted; Roubini called Cramer a "buffoon," and told him to "just shut up". Although in April 2009, Roubini prophesied that the United States economy would decline in the final two quarters of 2009, and that the US economy would increase just 0.5% to 1% in 2010, in fact the U.S. economy in each of those six quarters increased at a 2.5% average annual rate. Then in June 2009 he predicted that what he called a "perfect storm" was just around the corner, but no such perfect storm ever appeared. In 2009 he also predicted that the US government would take over and nationalize a number of large banks; it did not happen. In October 2009 he predicted that the