Saturday, January 21, 2012

Roubini : Oil prices are going to go higher

Nouriel Roubini : “Most problems facing the global economy are not temporary or random,”
“energy and food insecurity aren’t going to go away.”
“Oil prices are going to go higher,” “This has not been a typical recession, it was a balance sheet crisis caused by too much leverage,” said Roubini, adding “studies suggest it could take up to a decade to reduce debts and deficits.” - Nouriel Roubini was a key speaker at Bloomberg Tradebook conference held in New York last Thursday.



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