Roubini : The Eurozone is disintegrating , either move forward or you are going to fall off a cliff

Saturday, September 8, 2012

Roubini : The Eurozone is disintegrating , either move forward or you are going to fall off a cliff

Nouriel Roubini : "History suggests that whenever (there is) a crisis with too much private debt first and public debt second you have a painful process of deleveraging," said Roubini at the annual Ambrosetti Forum at Lake Como on Friday 07 Sept 2012 "That would imply many years, up to a decade, of low economic growth. And guess what? Economic recovery in the US has been unending and in the eurozone and UK there's outright economic contraction right now, and that's not going to change unfortunately in the next few years."
"Today the eurozone is disintegrating. ... either move forward or you're going to fall off a cliff." - in New Zealand Herald

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

Saturday, September 8, 2012

Roubini : The Eurozone is disintegrating , either move forward or you are going to fall off a cliff

NOURIEL ROUBINI BLOG