A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

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Entry from June 14, 2011
Doctor Doom or Dr. Doom (economic pessimist)

Many bearish economists have been given the nickname “Dr. Doom.” Henry Kaufman was the first such “Dr. Doom,” having acquired the nickname by at least 1981. Conrad Vane wrote two “Big Little Books” for young readers titled International Spy; Doctor Doom faces death at dawn (1937) and Foreign Spies: Doctor Doom and the ghost submarine, an international spy story (1939). The Marvel Comics character of “Doctor Doom” first appeared in print in July 1962.

A “Dr. Doom” is also called a “prophet of doom” (and, when a lucrative business, dubbed “profit of doom”).


Wikipedia: Dr. Doom (disambiguation)
Dr. Doom is a Marvel comic book supervillain.

Dr. Doom may also refer to:

. Marc Faber (b. 1946), Swiss investment analyst and author of The Gloom Boom & Doom Report
. Henry Kaufman (b. 1927), German-born American economist and former vice-chairman of Salomon Inc.
. Nouriel Roubini (b. 1959), Turkish-born American economist and professor
. Peter Schiff (b. 1964), American investment analyst and president of Euro Pacific Capital Inc.

Wikipedia: Doctor Doom
Victor von Doom (also known as Doctor Doom) is a fictional character who appears in publications published by Marvel Comics. Created by Stan Lee and Jack Kirby, the character first appeared in Fantastic Four #5 (July 1962). A recurring supervillain, he is the arch enemy of the Fantastic Four and also the leader of the nation of Latveria. Doctor Doom is both a genius inventor and a sorcerer, and has fought numerous other superheroes in various plots for power and/or revenge over the years. His most prominent opponents include the Fantastic Four, Spider-Man, Doctor Strange, the Avengers, the X-Men, Punisher, Blade, Iron Man, and even Superman in a crossover comic Superman & Spider-Man #2. A frequent plot device is to reveal at a story’s end that the heroes were actually fighting one of Doom’s many robot doubles, either working on his behalf, or a Doombot gone rogue impersonating him.

The Doctor Doom character has featured in other Marvel-endorsed products such as feature films; video games; television series and merchandise such as action figures and trading cards. Doom was ranked as the 4th greatest villain by Wizard on its “100 Greatest Villains of All Time” list. IGN’s list of the Top 100 Comic Book Villains of All Time ranked Doom as #3.

Wikipedia: Henry Kaufman
Henry Kaufman (born 1927 in Germany) is a Jewish American economist and financial consultant.

Born in a small village in Germany, in the late 1930s his family left, fleeing the Nazi regime.

Currently president of Henry Kaufman & Company Inc., from 1962 to 1988 Kaufman worked at Salomon Brothers Inc, where he was Managing Director and member of the Executive Committee. He was also a Vice Chairman of the parent company, Salomon Inc. Before joining Salomon Brothers, Dr. Kaufman served as an economist at the Federal Reserve Bank of New York.

He was well-known during the 1970s and early 1980s for the interest rate forecasts he wrote for Salomon, and for their bearish views, generally predicting that bond prices would decrease (interest rate would increase). Thus, he earned the nickname “Dr. Doom.” However, Kaufman’s prediction on August 17, 1982 that interest rates would fall sparked a stock market rally that can be dated as the beginning of the 1980s bull market.

OCLC WorldCat record
International spy; Doctor Doom faces death at dawn.
Author: Conrad Vane
Publisher: Racine, Wis., Whitman Pub. Co. [1937]
Series: The big little book
Edition/Format:  Book : Fiction : Juvenile audience : English

OCLC WorldCat record
Foreign spies : Doctor Doom and the ghost submarine, an international spy story
Author: Conrad Vane
Publisher: Racine, Wis. : Whitman, ©1939.
Series: The better little book, 1460
Edition/Format:  Book : Fiction : English

28 June 1981, New York (NY) Times, “So Where’s the Great Bond Rally of ‘81?” by Steve Lohr, pg. F13:
In addition, this line of reasoning is championed by two of the financial community’s most respected economists, Henry Kaufman of Salomon Brothers and Albert M. Wojnilower of First Boston, known as “Dr. Doom and Dr. Gloom.”

Time magazine
Interest Rates in the Clouds
By Bernard Baumohl;David Beckwith;Christopher Byron
Monday, July 27, 1981
(...)
Economists Henry Kaufman of Salomon Bros, and Albert Wojnilower of First Boston Corp., who have been nicknamed Dr. Doom and Dr. Gloom along Wall Street, assert that the prime rate could ratchet up at least above its peak of 21.5% and possibly as high as 25% before the end of the year.

Google News Archive
2 August 1982, Ottawa (Canada) Citizen, pg. 45, col. 4:
New York market gurus
send stock prices soaring

By Chris Oppenheimer
The Hartford Courant
Colleagues call them Dr. Doom and Dr. Death. Time magazine dubbed them “the bad news bears.”

But Henry Kaufman and Albert M. Wojnilower proffered roses this week, and the investment world went crazy.

Google Books
On Money and Markets:
A Wall Street memoir

By Henry Kaufman
New York, NY: McGraw-Hill
2000
Pg. 180:
The Origins of Dr. Gloom (a.k.a. Dr. Doom)
As my analyses gained widespread media attention in the late 1970s and 1980s, some members of the media began to refer to me as “Doctor Doom” or “Doctor Gloom.” Around the same time, Albert Wojnilower—First Boston Corporation’s highly regarded and iinfluential chief economist—unwittingly earned the moniker “Doctor Death.” Al has been a friend of mone for many years.

New York (NY) Times
Dr. Doom
By STEPHEN MIHM
Published: August 15, 2008
On Sept. 7, 2006, Nouriel Roubini, an economics professor at New York University, stood before an audience of economists at the International Monetary Fund and announced that a crisis was brewing. In the coming months and years, he warned, the United States was likely to face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession.

Wall Street Journal—Real Time Economics
October 8, 2009, 12:33 PM ET
Roubini Warns of ‘Significant Amount of Froth’ in Markets
By Kelly Evans
Nouriel Roubini, a New York University economist known as “Dr. Doom” for his warnings about the U.S. economy, said in an interview Thursday he is concerned about the run-up in U.S. stock prices since March, which seem priced for a V-shaped recovery that he says is unlikely to happen.
(...)
Mr. Roubini also denied that he is a “permabear” and joked that his nickname should be “Dr. Realist” rather than “Dr. Doom,” given his warnings about the U.S. housing market prior to its collapse.

Business Insider
Meet The 10 Original Economists Nicknamed ‘Doctor Doom’
Mamta Badkar and Gus Lubin | Oct. 28, 2010, 1:09 PM
Doctor Doom has become such a cliché nickname for bearish economists that it’s getting meaningless. The headline “DOCTOR DOOM SAYS...” will just confuse people.

But there were times when the nickname referred to one or two legendary economists, whose proclamations could move markets.

. Henry Kaufman—predicted the ‘66 credit crunch
The German born American economist Henry Kaufman is the original Dr. Doom, having predicted the 1966 credit crunch while still at Salomon Brothers. In the 70s and 80s he maintained a gloomy outlook on high inflation rates, interest rates and the bond market.

. Gary Shilling—predicted recessions since the ‘60
. Marc Faber—predicted the ‘87 crash
. Ravi Batra—predicted The Great Depression of 1990 (not quite)
. Andrew Oswald—predicted the UK housing crash of the ‘90s
. Robert J. Shiller—predicted the Dot Com crash
. Morgan Kelly—predicted the Irish real estate crash of ‘06
. Nouriel Roubini—predicted the sub-prime mortgage crisis of ‘06
. Willem Buiter—predicts a sovereign debt crisis
. Peter Schiff—predicted the financial crisis
BONUS: Doctor Doom
Actually the real original Doctor Doom was a Marvel Comics supervillain, created in 1962. He was not an economist.

As far as we can tell, no one before 1962—not Malthus nor Marx—has this nickname.

(Trademark)
Word Mark DR. DOOM
Goods and Services IC 028. US 022. G & S: TOY FIGURES. FIRST USE: 19780907. FIRST USE IN COMMERCE: 19780907
Mark Drawing Code (1) TYPED DRAWING
Serial Number 73474725
Filing Date April 10, 1984
Current Filing Basis 1A
Original Filing Basis 1A
Published for Opposition April 30, 1985
Registration Number 1349670
Registration Date July 16, 1985
Owner (REGISTRANT) CADENCE INDUSTRIES CORPORATION DBA MARVEL COMICS GROUP CORPORATION DELAWARE 387 PARK AVENUE SOUTH NEW YORK NEW YORK 10016
(LAST LISTED OWNER) MARVEL ENTERTAINMENT GROUP, INC. CORPORATION ASSIGNEE OF DELAWARE 1600 Rosecrans Avenue Manhattan Beach CALIFORNIA 90266
Assignment Recorded ASSIGNMENT RECORDED
Attorney of Record JAMES E. ROSINI
Prior Registrations 1257682
Type of Mark TRADEMARK
Register PRINCIPAL
Affidavit Text SECT 8 (6-YR). SECTION 8(10-YR) 20060120.
Renewal 1ST RENEWAL 20060120
Live/Dead Indicator LIVE

Posted by Barry Popik
New York CityBanking/Finance/Insurance • (0) Comments • Tuesday, June 14, 2011 • Permalink