Nouriel Roubini explains the differences and similarities between the debt crisis of California and New York and that of Greece , Roubini points out the California is a much bigger to the US economy than is Greece to the European Union , in fact California is one seventh of the American economy while Greece is only three per cent of the European economy but unlike the US Greece does not have control over the printing press of the Euro so it cannot monetize its debt as did the United States a while back........Insight on the rolling debt crisis, with David Malpass, Encima Global; Nouriel Roubini, RGEmonitor.com; and Andrew Ross Sorkin, The New York Times.
Nouriel Roubini nicknamed Dr. Doom and lately Dr. Realist by CNBC , is a professor of economics at the Stern School of Business, New York University and chairman of RGE Roubini Global Economics, an economic consultancy firm . Prof. Nouriel Roubini A world-class economist who offers an unflinching look at the global meltdown and distinctive insights into its course going forward. His research on financial crisis in emerging economics has yielded a unique and now vindicated approach to future collapses. Roubini speaks on the global economic outlook and its implications for the financial markets. From his analysis of past collapses of emerging economies, he has identified common factors that support his predictions of crisis in the US and world markets. He has held several high-level advisory positions in the US government and international finance organisations, published numerous policy papers and books on key international macro-economic issues and is regularly cited as an authority in
