Nouriel Roubini : Spain too large to be saved

Nouriel Roubini : " Spain is not only too big for it could be allowed to fail - it is also too large to be saved."
Roubini told a German newspaper , Nouriel Roubini is one of the few economists who warned in 2006, about the financial crisis. Because of his often pessimistic forecasts, he also carries the nick name "Dr. Doom" He did not rule that the debt crisis could spread to Italy and Belgium.

Roubini : The probability that Spain will lose in the next twelve months access to financial markets, is at 50 percent

"The probability that Spain will lose in the next twelve months access to financial markets, is at 50 percent," Economist Nouriel Roubini said recently in London in a speech to the London Business School of Economics. In the worst case could spill over the debt crisis of Europe, the United States. "It may well come in the bond markets to a rebellion against the United States." The probability is was low, but it is increasing. "We must not underestimate this risk."

Roubini : The Yen should weaken in the long run

Nouriel Roubini, Chairman & Co-founder of Roubini Global Economics speaks to CNBC about his outlook for Japan and the Yen "there is not enough transparency and when there is not enough transparency the markets get nervous " Nouriel Roubini says we do not know much damage (there is in Japan after the quake the Tsunami and the nuclear fallout )

Nouriel Roubini : Romania has the potential to attract Foreign Direct Investment

During a keynote speech someone from the audience asked Dr. Nouriel Roubini what he thinks of the situation in Romania , hiw answer was (the transcript is below the video ):


Nouriel Roubini : Romania has the potential to attract Foreign Direct Investment in the manufacturing segment."
"The type of the global economic crisis, Romania - as many countries in Central and Eastern Europe - has faced serious economic and financial challenges: increasing the budget deficit, current account deficits, overvalued currencies. Romanian State (as Lithuania, Hungary and other Central and Eastern European countries involved in an IMF program) was under strong financial pressure and needed the support of the international community.There were omissions in this program and the ability to control the indebtedness of the state was a challenge. The international community expresses its financial support for Romania and for its efforts. Romania is a country that, thanks to geographical positioning and low cost of labor may attract FDI, especially in the segment of production. Thus, they can only sustain the economy. We have to balance their taxes, this is really a challenge for Romania and other countries in Central and Eastern Europe. "

Nouriel Roubini on The G20 process for efficacy

Nouriel Roubini : I believe, on one side, it is necessary because the global economic and financial problems require a systemically important emerging market economies to be on the table.You cannot resolve problems of global imbalance , energy security, financial stability and climate change without having countries like India and China and many other emerging markets on board.In that sense, G7 was obsolete. But in other sense, it is much difficult to reach an agreement with 20 countries on the table and therefore, agreements were only in the time of crisis. But now there is wide divergence of views on a wide spectrum of issues. "

Roubini on The Middle East unrest and its implications on the Oil Prices

In an article entitled : Global stakes of Mideast turmoil dated 19 March 2011 on the ArabAmericanNews.com Professor Nouriel Roubini gives a detailed analysis on the situation in the middle east and the possible implications on the global economy especially the rising oil prices he wrote "Severe unrest in the Middle East has historically been a source of oil-price spikes, which in turn have triggered three of the last five global recessions. The Yom Kippur War in 1973 caused a sharp increase in oil prices, leading to the global stagflation of 1974-1975. The Iranian revolution in 1979 led to a similar stagflationary increase in oil prices, which culminated in the recession of 1980-1981. And Iraq's invasion of Kuwait in August 1990 led to a spike in oil prices at a time when a U.S. banking crisis was already tipping America into recession."
read full article here >>>

Control on short term capital flows tend to affect the composition of inflows between short term and long term capital

Nouriel Roubini :"This is one of the options that countries are increasingly considering and applying. Brazil and Korea have done so. If inflows of capital becomes excessive and this leads to excessive appreciation, one could impose controls on short term capital inflows. The evidence, however, shows that control on short term capital flows tend to affect the composition of inflows between short term and long term capital.They don't tend to affect very much overall volume of inflows. So, if you are concerned about hot money, it is effective. But if your concern is about inflows appreciating your currency, those controls are not affecting the overall volume of flows. " in an interview with ET Now

Roubini : Japan needs to significantly depreciate the Yen

In an interview today with CNBC Dr Nouriel Roubini talked about the Japan quake and its impact on the global economy , the future for the Yen and the Japaneses economy in general and its impact globally "Japan is going to need significant depreciation of the yen to increase its net exports because domestic demand is going to be anemic for a while. Therefore on a fundamental basis, the yen is going to be much weaker rather than stronger because you need improvement of external balance given the shock to the domestic economy," Nouriel Roubini told CNBC

Roubini on Indian GDP growth and Inflation

Nouriel Roubini :"....In part, what is happening is that some of the inflationary pressures are external to the country. There is increase in global commodity prices. Oil, energy, food-... that is not directly in your control.But it is also that domestic demand has been robust for good reasons. But, constraints are on the supply side. If demand is growing, supply has to grow as fast to maintain price stability. There are bottlenecks on the productive side of the economy because of lack of infrastructure.Invest in a various range of economic reforms to sustain an increase in potential growth. Make sure that as potential growth becomes higher, actual economic growth becomes higher and then inflationary pressures get contained. If actual growth becomes higher than potential, then one of the consequences will be rising inflation...."
in ET Now

Nouriel Roubini : Japan Quake Worst Thing at Worst Time

Roubini Says Japan Quake 'Worst Thing' at Worst Time , it will weaken the economic activities as people die or could not work Nouriel Roubini, founder of Roubini Global Economics, discusses the 8.9 magnitude earthquake in Japan and the European debt crisis. Roubini says that the ECB will keep raising rates beyond April , Roubini believes that it would be wrong for ECB to raise borrowing costs

Nouriel Roubini : uncertainties weighing on growth

"There are many positives in the global economy but significant uncertainties still remain," "For the next few years, we will be living in a world where these uncertainties may have a negative impact on the economy and financial markets." Nouriel Roubini said on Tuesday at an investment conference in Dubai.
via www.moneycontrol.com

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Nouriel Roubini : The ECB is rushing too fast into hiking rates

Mar. 4 2011 | "i think that the ECB is rushing too fast into hiking rates," Nouriel Roubini, co-founder and chairman of Roubini Global Economics told CNBC.Nouriel Roubini : ECB April Rate Hike a Mistake