Nouriel Roubini outlook for the 2010 Economy

Thursday, April 1, 2010

Nouriel Roubini outlook for the 2010 Economy

Renowned economist Nouriel Roubini gives his perspective of what economic challenges U.S. will face in 2010 and answers CitizenTube users' questions on the financial crisis.

1 comment:

Anonymous said...: I hear what Nouriel says, but who and what government is ever going to be the one to raise taxes (not going to be in power long are they)? Goverenments are good at giving away cash, not good at balancing the books. Some years ago Keating (Australian Prime Minister) said, "It's the recession we had to have." I remember Britain in the 70s & 80s when a similar approach to the economy took sway. In economics at Unit i was always taught, 'if you prop up non-viable business by taxing the viable business, all you do is prolong the pain and damage the real income generators, the businesses you really want to flourish.' What have the stimulus packages done around the world but prop up hollow shells at the expense of others and hide dept in closed books on government shelves. When did eonomic policy change, when politicians were more concerned about THEIR jobs and POPULARITY than getting the economy back on track? Oh, and Nouriel, you may have 'told us so,' but you sure as hell changed your mind from the 'L' recovery, 'U' recovery and 'W' double dip. People make financial decisions on the opinions you espouse, it would be nice if you would admit you got it wrong or at least publicly explain your change of tack instead of developing completely new opinions withwout reference to the previous ones. What will you do if it (the economy) flops in 10yrs, refer to your opinions of 2008/9 (dust off the u-tube) and ignore your comments of 2010 Gee, i thought you knew everything, but if you espouse contrary opinion without challenge, you will be. SEE, YOU ARE BRILLIANT!; April 18, 2010 at 4:29 AM

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Nouriel Roubini, (born March 29, 1958, Istanbul, Turkey), Turkish-born American economist and educator who was best known for predicting the 2007–08 subprime mortgage crisis in the United States and the subsequent global financial crisis.

Born to Iranian Jewish parents, Roubini moved with his family to Iran and Israel before they settled in Italy in 1962. After a year at Hebrew University of Jerusalem, he studied economics at Bocconi University in Milan (B.A., 1982) and Harvard University (Ph.D., 1988), where he specialized in macroeconomics and international economics. He joined the economics faculty at Yale University in 1988 and taught there until 1995, when he moved to New York University. He also served as a visiting scholar to the International Monetary Fund (IMF), was a research associate with the National Bureau of Economic Research (NBER), held single-year terms on the White House Council of Economic Advisers (1998–99) and at the U.S. Department of the Treasury (1999–2000), and cofounded (2004) the consulting firm Roubini Global Economics. Roubini spent much of his early career studying countries that experienced extreme economic failures, such as Mexico (in 1994), Thailand and other countries associated with the 1997 Asian financial crisis, Russia (1998), and Argentina (2000). He determined that each shared one common element: a massive current account deficit.(www.britannica.com)

Nouriel Roubini is the Chairman and CEO of Roubini Macro Associates, LLC, his own global macroeconomic consultancy firm. He is also a professor of economics at New York University’s Stern School of Business. Dr. Roubini has extensive policy experience as well as broad academic credentials. From 1998 to 2000, he served as the senior economist for international affairs on the White House Council of Economic Advisors and then the senior advisor to the undersecretary for international affairs at the U.S. Treasury Department, helping to resolve the Asian and global financial crises, among other issues. The International Monetary Fund, the World Bank and numerous other prominent public and private institutions have drawn upon his consulting expertise.

NOURIEL ROUBINI BLOG

Thursday, April 1, 2010