Roubini : Germany displaces China as US Treasury's currency villain

Nouriel Roubini :" Germany displaces China as US Treasury's currency villain http://bit.ly/QO9M75 While China's trade surplus shrank that of Germany stays high " - in twitter

Roubini ‏: Barroso's EU Blueprint document deserves careful study

Nouriel Roubini ‏: " Ambitious plan that will take yrs to implement @stephenkinsella: Barroso's EU Blueprint document deserves careful study http://ec.europa.eu/commission_2010-2014/president/news/archives/2012/11/pdf/blueprint_en.pdf … " - in twitter

Roubini : GDP Growth will have Q4 payback

Nouriel Roubini : " W/o inventories change, US final sales in Q3 grew at 1.9%, less than the previously estimated 2.1%. So 2.7% GDP growth will have Q4 payback " - in twitter

Roubini ‏: Good News for Argentina

Nouriel Roubini ‏: " Good news for Argentina: The Court of Appeals granted the emergency stay & gave 3 months for the appeal process to take place " - in twitter

Roubini : Disguised Greek debt forgiveness Buys time

Nouriel Roubini : " "@FT: Opinion: Disguised Greek debt forgiveness buys time http://on.ft.com/UpYsgB " ...to achieve undisguised debt relief after German elections "
"Greek debt deal is close to a Brady par bond. It gives NPV debt relief, via lower rate & maturity stretch, in spite of no face value haircut "
"Greece got real OSI debt relief via a Brady-style Par bond that, on an NPV basis, is equivalent to a Discount bond with face value reduction " - in twitter

Roubini ‏: Germany prefers a single vote on bailouts of Greece & Spain

Nouriel Roubini ‏: " Germany prefers a single vote on bailouts of Greece & Spain given the resistance of the Bundestag to further bailouts. 2 birds with 1 stone " - in twitter

Roubini : Europe of Regions rather than Europe of Nation States? But fat chance of this happening

Nouriel Roubini : " Catxit, Basqxit, Scotxit, Brixit, Valloxit, Flemxit, Finxit may follow Grexit? Europe of Regions rather than Europe of Nation States? "
"Nassim Taleb idea of Anti-Fragile implies that a EU of regions would work better than a EU of nations. But fat chance of this happening "

Roubini : Investment Falls Off a Cliff

Nouriel Roubini : " Investment Falls Off a Cliff, WSJ http://bit.ly/T6fbBR US Capex spending is contracting due to slower global growth & fiscal cliff worries |
"Cash-strapped US consumers apparently cheery & spending while cash-rich US firms cutting sharply on capex spending & cautious on hiring "Cash-strapped US consumers apparently cheery & spending while cash-rich US firms cutting sharply on capex spending & cautious on hiring " - in twitter

Roubini warns Argentina is heading for a highly vulnerable State Capitalism

Nouriel Roubini : “Argentina has moved away from market oriented policies with imports substitution protectionist measures; national control over natural resources; a more predominant role for state companies and banks and discouraging foreign investments and the influx of capital” “These policies have a negative impact for investors and consumers’ confidence, which on the long run has its influence on growth”. said Nouriel Roubini who was invited to the annual convention of the Argentine Chamber of Construction in Buenos Aires. - in mercopress

Roubini : In 2013, downside risks to global growth will be exacerbated by the spread of fiscal austerity

Nouriel Roubini : In 2013, downside risks to global growth will be exacerbated by the spread of fiscal austerity to most advanced economies. Until now, the recessionary fiscal drag has been concentrated in the eurozone periphery and the UK. But now it is permeating the eurozone’s core. And in the US, even if President Barack Obama and the Republicans in Congress agree on a budget plan that avoids the looming “fiscal cliff,” spending cuts and tax increases will invariably lead to some drag on growth in 2013 – at least 1% of GDP. In Japan, the fiscal stimulus from post-earthquake reconstruction will be phased out, while a new consumption tax will be phased in by 2014. - in project-syndicate

Roubini ‏ in Lima Peru for a keynote speech at the Felaban Federation

Nouriel Roubini ‏: I am in Lima Peru for a keynote speech at the Felaban - Federation of Latin American Banks - annual conference and for policy meetings - in twitter

Roubini : Peru is a success story

Nouriel Roubini : Peru is a success story: 6% growth, low inflation, budget surplus, sound banks. But social tensions in the resource boom given inequality - in twitter

Roubini : Major Recession in 2013 The Morgan Stanley’s Doom Scenario

Nouriel Roubini : Morgan Stanley’s Doom Scenario: Major Recession in 2013, CNBC. With references to my 2013 downside risk scenario http://bit.ly/TeibPh - in twitter

Roubini : The Year of Betting Conservatively

NEW YORK – The upswing in global equity markets that started in July is now running out of steam, which comes as no surprise: with no significant improvement in growth prospects in either the advanced or major emerging economies, the rally always seemed to lack legs. If anything, the correction might have come sooner, given disappointing macroeconomic data in recent months.
Starting with the advanced countries, the eurozone recession has spread from the periphery to the core, with France entering recession and Germany facing a double whammy of slowing growth in one major export market (China/Asia) and outright contraction in others (southern Europe). Economic growth in the United States has remained anemic, at 1.5-2% for most of the year, and Japan is lapsing into a new recession. The United Kingdom, like the eurozone, has already endured a double-dip recession, and now even strong commodity exporters – Canada, the Nordic countries, and Australia – are slowing in the face of headwinds from the US, Europe, and China.
Meanwhile, emerging-market economies – including all of the BRICs (Brazil, Russia, India, and China) and other major players like Argentina, Turkey, and South Africa – also slowed in 2012. China’s slowdown may be stabilized for a few quarters, given the government’s latest fiscal, monetary, and credit injection; but this stimulus will only perpetuate the country’s unsustainable growth model, one based on too much fixed investment and savings and too little private consumption. - in project-syndicate.org

Nassim Taleb new brilliant book ~ Antifragile: Things that Gain from Disorder

Nouriel Roubini : A review of Nassim Taleb's new brilliant book: Randomness, probability and uncertainty: Stress best, The Economist http://econ.st/UOtAbM - in twitter

Antifragile: Things that Gain from Disorder

Roubini : Wall Street bit the hand that kept it alive by supporting Romney

Nouriel Roubini : After a massive bailout Wall Street bit the hand that kept it alive aggressively supporting Romney & attacking Obama, The strategy backfired - in twitter

Roubini : in Israel Bibi could lose the elections to Olmert

Nouriel Roubini : An Olmert-led coalition has a good chance of beating a Bibi-led Likud at the Israeli elections. Bibi's clear support of Romney backfired - in twitter

Roubini ‏: Reforms in China will Occur Slowly

Nouriel Roubini ‏:  members of China's SCP are cautious & conservative. Thus, reforms will occur slowly. Reformers didn't make it to SCP or given side roles - in twitter

Roubini ‏: The Whole Eurozone in Double-dip Recession now

Nouriel Roubini ‏: Whole EZ in double-dip recession now @economonitor: German and French Growth Engines Slow Down in the Eurozone http://bit.ly/TS6GMe - in twitter

Roubini : Eurozone Crisis Spreading From Periphery to Core

Nouriel Roubini : “The economic contraction used to be in the periphery of the euro zone,” “It is spreading now to the core of the euro zone. For example, it is quite clear that France is entering a recession.” Roubini said in a speech in Mainz, Germany, today. - in bloomberg

Roubini ‏: Turkey is a pivot state with increasing economic and geopolitical importance

Nouriel Roubini ‏: I am off today from Germany to Turkey to give a keynote speech. Turkey is a pivot state with increasing economic and geopolitical importance - in twitter

Roubini : Even Germany is Slowing Down Sharply

Nouriel Roubini : In Germany today for policy meets & a keynote speech. Even Germany is slowing sharply as its 2 key export markets - China & EZ - are weaker- in twitter

Roubini : Wall Street bit the hand that kept it alive

Nouriel Roubini : After a massive bailout Wall Street bit the hand that kept it alive aggressively supporting Romney & attacking Obama, The strategy backfired - in twitter

Roubini : 3 upcoming fiscal cliffs in 2013

Nouriel Roubini 3 upcoming fiscal cliffs: 2013 cliff; debt ceiling; plan for medium term fiscal consolidation. Dems-Reps still far apart on all these issues - in twitter

Roubini ‏: Jack Lew, most likely to be the next US Treasury Secretary

Nouriel Roubini ‏: Jack Lew, most likely to be the next US Treasury Secretary. Lael Brainard, currently U/S for Int Affairs, likely to become Deputy Treas Sec - in twitter

Roubini ‏: Putin has an uncanny resemblance to Daniel Craig/James Bond

Nouriel Roubini ‏: Vladimir Putin has an uncanny resemblance to Daniel Craig/James Bond. Maybe Putin moonlights as Bond http://yfrog.com/obsvtzkj

Roubini : Karl Rove should be fired on the spot

Nouriel Roubini ‏ "If Karl Rove was a CEO he should be fired on the spot and be subject to clawbacks...but the jerk will hang on and continue to spew crap.."- in twitter

Roubini : The risk of Greece exiting the euro area in the next six to nine months is still very high

Nouriel Roubini : The risk remains even if the attitude of Germany and the troika has changed and “they now prefer to give Greece more time,” he said, speaking today in Milan. Roubini said there is a "high probability’’ that the Greek government will collapse within the next six months. A disorderly exit of Greece may be disruptive for the euro area until Spain and Italy are “out of the woods”, - in Businesspost.ie

Roubini : Obama Election a Major defeat of Tea-Party Freaks

Nouriel Roubini : Obama election is major defeat of Tea-Party freaks, religious fanatics, anti-immigrant nativists, creationist lunatics, supply-side voodoos - in twitter

Roubini Keynote Speaker @ HSM conferences in Milan Italy

Nouriel Roubini : I will give two keynote speeches today and tomorrow in Milan at HSM conferences He said via twitter

Nouriel Roubini: Five Reasons for Economic Optimism… And five reasons why we should still be worried Beginning with the most positive aspects of the global market, world-renowned economist Nouriel Roubini lists the five reasons for economic optimism, as well as the five reasons why things could get worse. Discover the best and the worst of the global situation and the actions necessary to push the scale to strengthen the positives and resolve the negatives.

Roubini: The Global Economy faces an uncertain Future in 2013

The American Economist Nouriel Roubini predicted an uncertain scenario for the world economy in 2013, a year in which Europe could deepen its crisis, while China slow their growth and United States would fall into a situation of stagnation. The Economist was in the Argentina and during his talk highlighted as a favorable factor in the situation of globalization that promotes sharing and investments. The American Economist Nouriel Roubini predicted an uncertain scenario for the world economy in 2013, a year in which Europe could deepen its crisis, while China slow their growth and United States would fall into a situation of stagnation. Nobel Prize in economics 2009 and famous for having predicted the crisis of 2007, Roubini spoke yesterday at the World Business Forum which took place in Buenos Aires the week that passed. The American economist born in Turkey also drew attention to the risk posed the possibility of a confrontation between Israel and Iran for the world economy and that match the rest of its forecasts, it set a 'perfect storm' next year. - in corrienteshoy read more >>>> http://www.corrienteshoy.com/vernota.asp?id_noticia=119099

Roubini : In the United States, The Growth is Anemic

Nouriel Roubini : In the United States, the latest economic data – including a weak labor market – confirm that growth is anemic, with output in the second half of 2012 unlikely to be significantly stronger than the 1.6% annual gain recorded in January-June. And, given America’s political polarization and policy gridlock, we can expect more fights on the budget and the debt ceiling, another rating downgrade, and no agreement on a path toward medium-term fiscal consolidation and sustainability – regardless of whether President Barack Obama is reelected in November. On the contrary, we should expect agreement only on the path of least political resistance: avoidance of tough fiscal choices until the bond vigilantes eventually wake up, spike long rates, and force fiscal adjustment on the political system. - in project-syndicate

Roubini ‏: The Too Big to Fail Even-Bigger-To-Fail now

Nouriel Roubini ‏: " Indeed Even-Bigger-To-Fail now than before @MarkThoma: 'Too Big to Fail' Remains Very Real - Simon Johnson http://economix.blogs.nytimes.com/2012/11/01/too-big-to-fail-remains-very-real/ … "

Roubini : Climate Change to blame for floods storms droughts and fires

Nouriel Roubini :" Extreme weather events - floods/storms on one side, droughts/fires on the other - are more frequent & are related to global climate change " - in twitter