Roubini: US Cannot Afford Another Financial Crisis. Nouriel Roubini says there was never as much lack of bipartisanship , there is also hatred between the two leading parties in America the Democrats and the Republicans in the last thirty years
Nouriel Roubini : in my view the other economies in the Euro Zone will have to follow some policies regardless of , some of them like Portugal or Ireland have already lost market access so contagion to them it is not going to occur because their governments and their banks already lost market access and they are already under an IMF - EU program , the question is whether there will be spill overs to Spain or Italy , Italy on the fiscal side has actually done more than Spain to stabilize its own fiscal conditions , so I think that Italy is not under a direct threat , Spain is a different case but in my view whether Spain is going to lose market access or not depends on almost completely on what Spain is gonna do on its own it does not depend on whether Greece is gonna restructure
Nouriel Roubini: I am quite positive and bullish about Latin America compared to previous decades when you had boom and bust and financial crisis and sovereign debt crisis that occurred every few years , because I think most of Latin America but not all of it now you have new governments that are committed to structural reform they are friendly in terms of being market oriented , they've fiscal and monetary tools to smooth the economy the that they do not have that much leverage and therefore there can be sustained economic growth in Latin America ..."
Econoinvest: Economic Outlook Forum 2010. 10 years of contributions and visions for the country. Where do we go? Group of Companies invited Econoinvest Nouriel Roubini, aka Dr. Doom, in an exclusive interview to discuss the global economy and the Venezuelan market.
New York University professor Nouriel Roubini discusses Spain and Italy's austerity programs,Roubini Says Spain, Italy Risk Losing Market Access he also discusses the European Central Bank policy and the outlook for the global economy. The Roubini Global Economics LLC co-founder speaks with Bloomberg TV at the Aspen Ideas Festival on July 4th 2011
Spain and Italy run a “significant risk” of losing market access if they don’t implement austerity measures, “Regardless of what happens in Greece, these countries must do the right thing or they’ll lose market access,” Roubini said , Spain is “too big to fail” and “too big to be bailed out,” he explained . “Most of the Eurozone is still contracting like the periphery,” while global growth in the second half of the year will be so weak it will “feel like recession,” Roubini added.
Nouriel Roubini , Roubini Global Economics chairman & co-founder, explains why there's a need for more fiscal stimulus, and the "perfect storm" of threats that could slam the economy by 2013. "what i've been saying whether or not the fiscal drive is next year, governments are cutting spending, phasing out federal spending and income tax and employment benefits, $200 million next year alone and 1.5% gdp implies even weaker growth. i'm in favor of fiscal services but you need a medium term plan to cut spending and raise taxes and you should have a fiscal drag and maybe even a fiscal stimulus." Roubini said
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