Another Dip Ahead for the Economy Fox Business News

Another Dip Ahead for the Economy?

Schroders Equity Fund Manager Andy Lynch on why he feels a double-dip recession may be in store.

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Double dip recession Roubini NYU Stern School of Business professor of economics

Chairman of RGE and Economist Nouriel Roubini on the news of the past week and the chances of a double dip recession

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US Economy Facing Death by a Thousand Cuts Roubini

Interviewed by CNBC Roubini said "It's going to be death by a thousand cuts," Nouriel Roubini, chairman of RGE Monitor and professor of economics at New York University's Stern School of Business adds "The financial system is severely damaged, and it's not just the banks."
"The gap between supply and demand is so huge we could stop producing new homes for a year to get rid of all the inventory," he said. "This price adjustment, in my opinion, is going to continue for another year."
"We already were in the middle of a very severe crisis. Saying that bailout out Lehman, everything would have been OK, is nonsense," he said. "Lehman was a symptom of the crisis, not the cause of the crisis."

The financial crisis would have happened even if Lehman Brothers was bailed out Nouriel Roubini

US Economy is Facing Death by a Thousand Cuts says Roubini

The financial crisis would have happened even if Lehman Brothers was bailed out, Nouriel Roubini, chairman of RGEMonitor.com, told CNBC. He discusses the anniversary of the firm's collapse and the state of global financial markets.

"It's going to be death by a thousand cuts," said Roubini, chairman of RGE Monitor and economics professor at New York University's Stern School of Business. "The financial system is severely damaged, and it's not just the banks."

Roubini predicted more than 1,000 financial institutions could fail before all is said and done.

"The gap between supply and demand is so huge we could stop producing new homes for a year to get rid of all the inventory," Roubini added. "This price adjustment, in my opinion, is going to continue for another year."

"We already were in the middle of a very severe crisis. Saying that bailout out Lehman, everything would have been OK, is nonsense" he said. "Lehman was a symptom of the crisis, not the cause of the crisis."

Dr. Doom Might Have Spared Bear Saved $34 Trillion

Dr. Doom’ Might Have Spared Bear, Saved $34 Trillion
The nickname Dr. Doom was hung on Kaufman long before it became synonymous with Nouriel Roubini, the New York University gloom meister. Kaufman, a former Salomon Brothers Inc. managing director and economist, has spent decades telling anyone who would listen about the dangers of ballooning debt, deregulation, excessive risk-taking, and the rise of financial conglomerates such as Citigroup Inc.
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The crisis is far from over . The recovery will be anaemic

Nouriel Roubini, the notorious “prophet of doom” before the financial crash, is warning there is a growing risk of a “double dip” recession—in other words, that the present recovery will be followed by another slump, perhaps at the end of next year.

Roubini predicts that the recovery will in any case be “anaemic” just because the problems of the financial system have not been overcome. Moreover, if the stimulus of higher government spending is withdrawn too soon, the world economy will collapse again. This is the mistake Franklin Roosevelt’s New Deal administration made, leading to the terrible recession of 1937-8.

So it’s not surprising then that the G20 decided to carry on with government economic stimulus programmes for the time being. No, the crisis is far from over.

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Nouriel Roubini in Oliver Stone Wall Street 2 Money Never Sleeps

Nouriel Roubini in Oliver Stone Wall Street Movie

Nouriel Roubini will have a small role in the upcoming Oliver Stone sequel, Wall Street 2 Money Never Sleeps has become a hotbed for Hollywood’s A-list. The first film starred current TV actor Charlie Sheen as Gordon Gekko’s naive apprentice Bud Fox, and apparently he’s back for more, and surprisingly the long awaited casting of Jonah Hex aka Josh Brolin has also been confirmed! Nouriel Roubini Dr Doom NYU Professor And Chairman Of RGE Monitor professor of Economics, and is best reknown for predicting the current the collapse of the housing market and the current financial recession.

Roubini Emerging Economies Will Outperform Sept 07 2009

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Emerging economies like China, India and Brazil will outperform advanced economies because they did not have the same excesses of leverage and have high savings rates, Nouriel Roubini, economist Dr. Doom, told CNBC 's Maria Bartiromo
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Roubini: “U-shaped” recovery is possible

September 6, 2009

CERNOBBIO, Italy (Reuters) -Nouriel Roubini, a leading economist who predicted the scale of global financial troubles, said a U-shaped recovery is possible, with leading economies undeperforming perhaps for 3 years.

He said there is also an increasing risk of a “double-dip” scenario, however.

“I believe that the basic scenario is going to be one of a U-shaped economic recovery where growth is going to remain below trend … especially for the advanced economies, for at least 2 or 3 years,” he said at a news conference here.

“Within that U scenario I also see a small probability, but a rising probability, that if we don’t get the exit strategy right we could end up with a relapse in growth … a double-dip recession,” he added.

Roubini, a professor at New York University’s Stern School of Business, said he was concerned economies which save a lot, such as China, Japan and Germany, might not boost consumption enough to compensate for any fall in demand from “overspenders” such as the United States and Britain.

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Via Infowars.com

The Dollar may crash says Roubini

“If markets were to believe, and I’m not saying it’s likely, that inflation is going to be the route that the U.S. is going to take to resolve this problem, then you could have a crash of the value of the dollar,” Roubini said in an interview today in Cernobbio, Italy. “The value of the dollar over time has to fall on a trade weighted basis, but not necessarily relative to euro and yen.”
Source Bloomberg

Roubini Says Bank Bonus Changes Critical After Crisis Bloomberg

Sept. 4 speaking at a conference in Cernobbio on the Como lake in Northen Italy Dr Doom and University Professor Nouriel Roubini emphasized the need for changes in the banking compensation policies and regulations as the world economy is showing signs of emerging from the worst economic crisis after the great depression. Via Bloomberg
Nouriel Roubini, NYU Professor And Chairman Of RGE Monitor

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Bank Balance Sheets Post Biggest Threat To Recovery

China is too small to be the main engine of global growth

" The debt ratios of banks and (individuals) are very high; (Individuals) have barely started saving. So what we’ve done is socialize these private losses and now we have a massive releveraging of the public sector with large and unsustainable budget deficits." Roubini told CNBC Fast Money...
"I don’t believe China can be the main locomotive of global growth – China GDP is only $3 trillion the US is $15 trillion. Chinese total consumption is $1 trillion the US is $10 trillion.
So China is too small to be the main locomotive of engine of global growth, and there are excesses right now in China like froth in the real estate and the stock market. And there is now the beginning of a correction. And if there was a sharp slowdown in China, that’s going to be again negative for the global economy." Roubini said in the same interview about China