Nouriel Roubini Predicts Gold Bubble Will Burst

Low interest rates, over-sized leverage and increased deficit spending have all contributed to the continued rise of gold prices. Still, some experts believe that the current gold bubble will collapse as the global economy starts to slowly recover, and the US dollar comes back into favor. For more on this, see the following article fromBullion Vault


Nouriel Roubini was "one of the few to predict the financial crisis" reckons the Financial Times. Yet plenty of other chicken littles, amateur and professional, had long warned of trouble ahead, too.

Hence the 150% rise in Gold even before the crisis broke in August 2007. Set against negative real interest rates, unfettered bank leverage and runaway deficit spending, gold's rare physical persistence looked a fair bet. And absent Armageddon or double-digit inflation, a growing handful of people chose to store a chunk of their change in metal, starting around 2001.
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Oliver Stone Donald Trump Soros and Steve Schwarzman were Roubini party guests

Oliver Stone holding court with billionaires Donald Trump, George Soros and Steve Schwarzman at a private party hosted by Nouriel Roubini -- nicknamed "Dr. Doom," for predicting the economic crisis -- at RdV Lounge in the Meatpacking District the NYPost reported ...

Angelina Jolie Gets So Angry That She Tears Brad Pitt’s Shirt Off

NYU professor and prophet of economic doom Nouriel Roubini hosted a party at RdV, a swanky basement lounge in the meatpacking district, and partied with his wingmen, George Soros and Donald Trump. Jude Law was photographed vacationing in Barbados with on-again girlfriend Sienna Miller. Kiefer Sutherland dined with Jon Bon Jovi at Lure Fishbar.
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Stock up in Guns and Canned Food not Gold Roubini advice

Nouriel Roubini warns about the New Gold Bubble . Gold has no intrinsic value he says

Nouriel Roubini wrote his clients earlier this month: "If you truly fear a global economic meltdown, you should stock up on guns, canned food and other commodities you can actually use in your log cabin."
Nouriel Roubini, economics professor at New York University and one of the few experts to warn about the epic U.S. housing bubble and its consequences when there was still time for central bankers to safely deflate it, this month warns about "the new bubble in the barbarous relic that is gold."

Reminding clients of his financial advisory service that gold "has no intrinsic value," Roubini finds no fundamental justification for gold's rise "with no near-term risk of inflation or depression."

Early this month, Hu Xiaolian, a vice-governor of the People's Bank of China, was asked if the central bank would be replacing more of its greenbacks with gold after a gold purchase earlier this year. He said that was unlikely given that the bank now worries about the emergence of a gold bubble.
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Nouriel Roubini Bullish Latin America 2010

Nouriel Roubini on Latin America's 2010 Outlook

AS/COA hosted a presentation by Chairman of Roubini Global Economics RGE and New York University Professor of Economics Nouriel Roubini. Watch the video.
Roubini: There are two things. One is that global economic and financial conditions are improving. There is a recovery of growth even if it’s going to be anemic. Commodity prices have been rising. Financial conditions remain easy. Capital is flowing back to emerging markets. So that is the global outlook.

And two, these countries have shown their own resilience. Their economic policies have been sound and they’ve been able to conduct countercyclical policies. They’ve not experienced a financial crisis in these episodes. Their overall fundamentals are sound, so the combination of maintaining sound fundamentals and right economic policies with improvement in the global economic outlook implies a recovery.

Even with this recovery, the trend was 5.5 percent growth for the last eight or so years. Now we’re expecting only 3.8 percent. Of course, it’s much better than last year when there was a contraction, but it’s still below potential and below trend for 2010 in our view. We’re less bullish than some of those houses that suggested Latin America actually could go back to potential growth next year.

Nouriel Roubini Asia Must Brace for Difficult Start to 2010

Asian markets can expect a rough start to 2010 as low interest rates push down the value of the US dollar and drive asset bubbles, particularly in emerging markets, according to the New York-based economist, Professor Nouriel Roubini. In an interview with the Hong Kong Trade Development Council (HKTDC) ahead of Hong Kong's Asian Financial Forum, Prof Roubini said the trend will continue for another six to 12 months.

Nouriel Roubini the black sheep of his family

Nouriel Roubini rejected his family business and instead of becoming a rug dealer or a nuclear engineer he have chosen to became an economics professor

Nouriel Roubini Buy Spam instead of Gold

Gold is a Bubble says Nouriel Roubini

Keynesian, Roubini has an obvious disrespect for gold . "The New Bubble in the Barbarous Relic that Is Gold" Buy Spam rather than Gold said Roubini in his latest article , here is a snapshot :
In recent months gold prices have risen dramatically, first breaching the US$1000 barrier, then jumping another 20% in the past few weeks, surpassing US$1200 before correcting downward again to around US$1100. Some gold-bug bulls say the gold price could eclipse US$2000 in the next couple years. Is that possible? Is the recent rise of gold prices justified by fundamentals? An analysis of the facts suggests that a good part of this rise in gold prices is driven by a bubble.

Nouriel Roubini What to expect from Copenhagen

Roubini Climate Change We Can Believe In

Nouriel Roubini wrote today an article on Forbes about the Copenhagen Climate Change Summit and what could we expect from it , here is a snapshot from the article : Despite lowered expectations for the meeting, climate change mitigation, emissions reductions and clean technology have already benefited from more political firepower and government incentives than at any time in the past. In part, this reflects a growing acceptance of the economic and financial benefits of technological change and energy efficiency as countries seek out the next sources of growth. Thethorniest issues at Copenhagen concern who will finance the transition to a lower carbon economy.

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Nouriel Roubini: U.S. Has Two Economies

The U.S. has two economies, says Nouriel Roubini, professor of economics at New York University's Stern School of Business and chairman of RGE Monitor. "There is a smaller one that is slowly recovering and a larger one that is still in a deep and persistent downturn," Roubini writes. Roubini notes that while America's official unemployment rate is 10.2 per cent, the figure jumps to a whopping 17.5 per cent when discouraged workers and partially employed workers are included. And, while data from firms suggest that job losses in the past three months were about 600,000, household surveys, which include self-employed workers and small entrepreneurs, suggest a number above two million. "Many of the lost jobs - in construction, finance, and outsourced manufacturing and services - are gone forever, and recent studies suggest that a quarter of U.S. jobs can be fully outsourced over time to other countries," Roubini says. - MoneyNews

Nouriel Roubini I do not believe in Gold

In an Interview with Yahoo Finance on October 23, 2009 Roubini answered when asked about Gold as a risky asset :
" I don’t believe in gold. Gold can go up for only two reasons. [One is] inflation, and we are in a world where there are massive amounts of deflation because of a glut of capacity, and demand is weak, and there’s slack in the labor markets with unemployment peeking above 10 percent in all the advanced economies. So there’s no inflation, and there’s not going to be for the time being.

The only other case in which gold can go higher with deflation is if you have Armageddon, if you have another depression. But we’ve avoided that tail risk as well. So all the gold bugs who say gold is going to go to $1,500, $2,000, they’re just speaking nonsense. Without inflation, or without a depression, there’s nowhere for gold to go. Yeah, it can go above $1,000, but it can’t move up 20-30 percent unless we end up in a world of inflation or another depression. I don’t see either of those being likely for the time being. Maybe three or four years from now, yes. But not anytime soon."

Roubini Entire countries face bankruptcy…

According to ‘Dr.Doom’ NYU Economic’s professor and world economist Nouriel Roubini, who last year predicted the U.S. fallout, for the “first time in decades, there are sovereign risks among developed Western countries,..”

Source: read more Entire countries face bankruptcy

Nouriel Roubini Lessons From Dubai World

the heart of the saga is a message that investors shouldn't assume implicit government support. Credit ratings for Dubai-owned companies now reflect this lesson, based on a fundamental credit outlook, not an implicit government backstop.

Read the whole story: forbes.com

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Nouriel Roubini on Dubai Financial Crisis

Dubai crisis a reminder of vulnerability : Roubini

NEW YORK -- Nouriel Roubini, the New York University professor who predicted the financial crisis, said Dubai's attempt to reschedule debt is a reminder of the global economy's vulnerability to a setback.

“Although Dubai World's financing issues are not a surprise and are relatively small given global credit losses, they are a reminder that the vulnerabilities and imbalances that contributed to the credit crunch have not disappeared,” Roubini said on his RGE Web site today.
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Dubai Shows Limits of Government Rescues, Roubini s Das Says

Nov. 27 (Bloomberg) -- The worldwide decline in equities spurred by Dubai’s efforts to reschedule its debt is a sign that government spending alone won’t be enough to protect financial markets, according to Arnab Das of Roubini Global Economics.

Stock volatility will probably jump as countries and companies default on loans, said Das, the head of market research and strategy at RGE, the advisory firm founded by economist Nouriel Roubini.
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Roubini Conditions in the U.S. labor markets are awful and worsening

Roubini: Many Jobs Gone Forever

“Conditions in the U.S. labor markets are awful and worsening,” writes Nouriel Roubini in The New York Daily News.

“While the official unemployment rate is already 10.2 percent and another 200,000 jobs were lost in October, when you include discouraged workers and partially employed workers the figure is a whopping 17.5 percent.”
“Remember: The last recession ended in November 2001, but job losses continued for more than a year and half until June of 2003; ditto for the 1990-91 recession,” writes Roubini.
“That fall in hours worked is equivalent to another 3 million full time jobs lost on top of the 7.5 million jobs formally lost,” writes Roubini.

“This is very bad news but we must face facts. Many of the lost jobs are gone forever, including construction jobs, finance jobs and manufacturing jobs.”

Nouriel Roubini On the next asset bubble

"...one day this bubble will burst, leading to the biggest co-ordinated asset bust ever: if factors lead the dollar to reverse and suddenly appreciate – as was seen in previous reversals, such as the yen-funded carry trade – the leveraged carry trade will have to be suddenly closed as investors cover their dollar shorts. A stampede will occur as closing long leveraged risky asset positions across all asset classes funded by dollar shorts triggers a co-ordinated collapse of all those risky assets – equities, commodities, emerging market asset classes and credit instruments." Said Nouriel Roubini the NYU economist also nicknamed Dr Doom

Nouriel Roubini vs Warren Buffett

Nouriel Roubini (aka Dr. Doom) continues to have a gloomy outlook on the U.S. economy. Warren Buffett’s purchase of Burlington Northern Santa Fe Corp. shows his faith in the economy’s long-term health. Which one is right? asks Larry Swedroe of Moneywatch.com
Roubini has continuously had an unpleasant forecast for the economy. On the other hand, Buffett made it a point to demonstrate his faith in the economy when he announced his purchase of the railroad, saying “If you buy a railroad, you can’t move it to China or to India or anyplace else. You are betting on the United States. I can’t think of a surer bet.”
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Nouriel Roubini on Oil Prices

"If oil goes to $100 today, it will have the same effect on the global economy as what $147 oil had last year," said Nouriel Roubini

Roubini Commodities and assets bubbles about to burst

Nouriel Roubini in an interview with HardassetsInvestor :"commodity prices have increased since the beginning of the year too much, too fast, when compared to the improvement in economic fundamentals. Some of that increase is justified. But if the global economy were to have a more anemic, subpar recovery—if instead of a V-shaped recovery, there's going to be a U-shaped recovery—then I actually think demand for commodities would be weak compared to supply, and there could be a correction in commodity prices in 2010.
Take oil prices: They have gone up from $30/barrel to over $80, at a time when demand is back to 2005 levels, and oil inventory is at all-time highs. Part of the increase is justified by fundamentals. But part of it is essentially this wall of liquidity chasing assets, and the effect of carry trade on the U.S. dollar, driving further higher these commodity prices.
So these nonfundamental factors can push oil and commodity prices higher, especially if there's going to be an increase in expected inflation. But the fundamentals of supply and demand actually suggest that, from now on, oil and other commodity prices should be lower, rather than higher."
Full Interview >>>

Roubini Economy could be hurt if oil gets to $100

By Barani Krishnan NEW YORK, Nov 4 (Reuters) - An economist noted for his early warning that the United States was headed for a housing bust and oil shock said on Wednesday that oil's jump to $80 a barrel is unjustified and that a run to $100 may cause economic stress the way record highs near $150 did last year. "Part of the rise may be justified by global economic recovery...but going from $30 to $80 when demand for oil is down to 2005 levels is very difficult to justify," said Nouriel Roubini, chairman and co-founder of the RGE
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Roubini The mother of all carry trades faces an inevitable bust

Roubini on Carry Trade

The mother of all carry trades faces an inevitable bust, Nouriel Roubini, chairman of RGE Monitor , told CNBC.

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Roubini warns of The Mother of all Bubbles

“The longer and bigger the carry trades and the larger the asset bubble, the bigger the ensuing asset bubble crash,” Roubini said. “One day this bubble will burst, leading to the biggest coordinated asset bust ever.”
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Roubini: Global Markets Could Soon Crash

Dan Weil
Newsmax
October 31, 2009

The global markets are at risk of crashing when the dollar rebounds, says economist Nouriel Roubini.

Roubini, a professor at NYU, is credited with long predicting the financial collapse of 2007 and 2008.

“In the short run what’s happening is there’s a wall of liquidity, not just in the U.S., but around the world, that is chasing assets,” he told CNBC.

“It’s equities, it’s commodities, it’s credit, it’s gold, it’s emerging market asset classes.”

And what does that amount to? “Now we are in the mother of all carry trades,” Roubini says.
Via Infowars
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Roubini to CNBC We Are in the Mother of All Carry Trades

Nouriel Roubini, Chairman, RGE Monitor, told CNBC Monday.

"There is a wall of liquidity…chasing assets," Roubini told "Squawk Box."

"Now we are in the mother of all carry trades,"
"The reality is that the dollar is the funding currency of the carry trades. Because of that the dollar weakness is going to continue for a while."
"The (stock) markets are pricing in a V-shaped recovery," Roubini said. "If the data surprise on the downside then there is going to be a significant correction."

The price of oil may also be among the assets that will fall.

"It seems to me that this rally in oil prices is way ahead of the economy," Roubini said.

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Dr. Roubini will be the keynote speaker Inside Commodities conferenc

Dr. Roubini will be the keynote speaker at IndexUniverse’s upcoming “Inside Commodities” conference on Nov. 4 at the New York Stock Exchange. We sat down with Dr. Roubini ahead of the conference to take his temperature on global markets, the role of oil (NYSEArca: USO) and gold (NYSEArca: GLD) and the impact of regulation.
Dr. Nouriel Roubini better knows as Doctor doom is a professor of economics and international business at the Stern School of Business at NYU and chairman of RGE Monitor,he is best known for his prescient predictions of the financial market collapse in 2005.

Nouriel Roubini Big Crash Coming

Nouriel Roubini gave today an Interview to by Dave Nadig of IndexUniverse
"There’s a huge bubble, because we have zero rates in the U.S., zero rates around the world and a huge carry trade. Everyone is borrowing at zero interest rates in dollars and getting a capital gain because the dollar is weakening, so they are borrowing at negative rates. And then they invest in risky assets: commodities, equities, credit. We’re creating a bigger bubble than before.
It’s going to go crashing down, in an ugly way. That’s the basics of the argument."
Roubini said :
Read Interview >>>>

ROUBINI Indonesia another BRIC in the wall ?

After Brazil, Russia, India, and China here comes Indonesia , is it another brick in the wall ? Nouriel Roubini chairman of RGE Monitor and a professor at the Stern School of Business, New York University wrote an excellent article on the Korea Herald , here is a snapshot :
NEW YORK - Conventional wisdom rarely survives a good stress test, and few tests have been as stressful as that which the global economy has endured over the past 24 months. A healthy season of reappraisal has dawned, shining a new light on boom-time notions like the value of opaque markets, the untouchable status of the American consumer, or the wisdom of deregulation.

One piece of bubble wisdom that has escaped relatively unscathed, however, is the assumption that the "BRIC" countries - Brazil, Russia, India, and China - will increasingly call the economic tune in years to come. The BRIC notion, coined in a 2003 Goldman Sachs report, is not all bad: at 75 percent correct, it scores a good deal better than most economic prognostications of the day.

Yet the economic crisis that began in 2008 exposed one of the four as an impostor. Set the vital statistics of the BRIC economies side-by-side and it becomes painfully obvious that, in the words of the old Sesame Street game, "One of these things is not like the other."
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Roubini RGE Monitor raises its forecast for Latin America

RGE Monitor, Nouriel Roubini’s economic research and advisory service, raised its forecast for Latin American growth in 2010, saying global stimulus plans and interest-rate cuts are sparking a rebound. The region’s economy will grow 3.3 percent next year, led by Brazil, after shrinking 2.6 percent in 2009, RGE wrote in an Oct. 14 e-mailed note. (Source Bloomberg)
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US falls 3rd in bank ranking after UK Australia

Ranking Global Financial Leaders US losing the First place

In a ranking of financial development released by the World Economic Forum The United States went down from first to third place after the U.K. and Australia .
"There is a trade-off," said Nouriel Roubini CEO of RGE Global Monitor and co-author of the study. "Countries with more regulation in financial systems are more stable, but access to credit is much weaker."

Roubini noted that, while financial stability is important, overtime financial innovation is key to provide the necessary financing to the economy and ensure growth.

Bulls Ignore Warnings from Soros, Roubini and Other Skeptics

Soros Warns on Economy and Roubini Sees Stock Declines

Investor George Soros says the U.S. banking system is "basically bankrupt," in sharp contrast to Goldman's upgrade of the large banks.
Nouriel Roubini says "markets have gone up too much, too soon, too fast," and will retreat when economic news refutes the V-shaped consensus, Bloomberg reports.

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US house prices could still fall by 10%, says Roubini

US house prices could still fall by 10%, says pundit who foresaw credit crunch

Economist Nouriel Roubini also warns bank losses on home mortgages likely to be repeated with business premises
Nouriel Roubini, the high-profile US economist who foresaw the credit crunch, warned today that house prices could fall by another 10%, underlining the fragility of America's nascent economic recovery.

Property prices in the US have already dropped by almost a third from their peak, as the crisis spread from lower-paid sub-prime borrowers to engulf the entire housing market. But Roubini said there could still be worse to come – and added that banks' heavy losses on home mortgages are likely to be repeated in the sliding market for business premises.
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Roubini Doctor Realist on CNBC 05 October 2009

Roubini Says Stocks Have Risen Too Much, Too Soon

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Roubini still bearish on the US Economy

Oct. 4 (Bloomberg) -- Nouriel Roubini, the New York University professor who accurately predicted the financial crisis, talks with Bloomberg's Francine Lacqua about the prospects for stock and commodity markets. Roubini, speaking yesterday in Istanbul, also discusses the outlook for the U.S. and global economies, financial regulation, and Ireland's decision to endorse the European Unions new governing treaty. (Source: Bloomberg)

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Unemployment Will Rise Through 2010 says Roubini

"Not just [unemployment] going to go above 10 percent but the risk is it's going to stay above this level and return to more normal only more gradually and that's going to be one of the important sources of weakness for an economic recovery."




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Stocks and Commodities have Risen Too Much, Too Soon Too Fast says Roubini

Roubini Says Stocks Have Risen ‘Too Much, Too Soon, Too Fast’

By Shamim Adam and Francine Lacqua

Oct. 4 (Bloomberg) -- New York University Professor Nouriel Roubini, who accurately predicted the financial crisis, said stock

and commodity markets may drop in coming months as the gradual pace of the economic recovery disappoints investors.

“Markets have gone up too much, too soon, too fast,” Roubini said in an interview in Istanbul yesterday. “I see the risk of a correction, especially when the markets now realize that the recovery is not rapid and V-shaped, but more like U- shaped. That might be in the fourth quarter or the first quarter of next year.”

Stocks have surged around the world in the past six months as evidence mounts that the economy is emerging from its deepest recession since the 1930s. The Standard & Poor’s 500 Index has soared 51 percent from a 12-year low in March while Europe’s Dow Jones Stoxx 600 is up 48 percent. The euphoria contrasts with the cautious tone of Group of Seven policy makers, who said after their meeting in Istanbul yesterday that prospects for growth “remain fragile.”
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Is Roubini not a Doctor Doom anymore ?

Roubini View of Economy Softening Slightly

Nouriel Roubini has seen his star rise faster than almost anyone after predicting a deep recession during what was hailed by some as the “goldilocks” economy of 2006-2007. The so-called “Dr. Doom” is now a legitimate superstar and his words carry a lot of weight. We noted back in July (A Week of Superstar Bears Moving the Market) that Roubini’s remarks were regarded as a change in direction and the stock market rode a wave of positive sentiment much higher. It was surprising to us that such a event that has absolutely nothing to do with market fundamentals would be met with such ebullience from the market. Well, according to Bloomberg.com on Friday, Roubini has started to come around to the idea of recovery.

New York University Professor Nouriel Roubini said that action by governments and central banks has led to a “bottoming out” of the global recession and that there is “light at the end of the tunnel.”

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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.

Disclaimer

Disclaimer

This is a Fan Based Blog ,we are not authorized , endorsed, licensed, approved, recommended, published, maintained, edited or managed by Nouriel Roubini, or any of his affiliates, agents or representatives (all such persons are referred to as Nouriel Roubini in this disclaimer). Nouriel Roubini accepts no responsibility or liability whatsoever for this blog or its content, including its advertising and links to other websites. No endorsement or approval by Nouriel Roubini of any individuals , goods or services is implied . Text Video and other content available on or via this blog might misquote mischaracterize , use out of context , edit or otherwise misrepresent Nouriel Roubini statements and views . Use at your own risk.

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.
Source :

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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Nouriel Roubini Marc faber jim rogers max keiser gerald celente peter schiff ron paul Peter Schiff Ron Paul glenn beck obama CNN FOX CNBC Bloomberg aljazeera warren buffett marc gold silver dollar lou dobbs bob chapman alex jones david icke economy collapse stock market wall street

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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nouriel roubini dr doom gold silver economy economic recovery recession depression revolution Business Economy Stock Market Energy Real Estate Banking Law Legal Issues Personal Finance Business Economy International Real Estate Banking Government Politics Editors Pick Taleb Black Swan Financial Crisis Depression Marc faber jim rogers max keiser gerald celente peter schiff ron paul Peter Schiff Ron Paul glenn beck obama CNN FOX CNBC Bloomberg aljazeera warren buffett marc gold silver dollar lou dobbs bob chapman alex jones david icke economy collapse stock market wall street

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