Nouriel Roubini ‏: We are likely headed to Sequester on March 1st

Wednesday, January 30, 2013

Nouriel Roubini ‏: We are likely headed to Sequester on March 1st

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GOP claims 2 be willing to accept sequester with large defense cuts as a way to force reform of entitlements as the pressure will be on Dems

In game of chicken, GOP claims it has more leverage than in cliff game as then tax increases were automatic while in seq, spendin cuts areGOP claims willin 2 take that pain @mattyglesias: @Nouriel How does that work? We'll slash defense spending unless Dems agree 2 cut Soc Sec?Senior GOP House leader told me in Davos at the #WEF that GOP is willing to trigger sequester to force significant entitlement reformConsumer confidence falls sharply in January as payroll tax cut is phased out. And we are likely headed to sequester on March 1st - in twitter

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

Wednesday, January 30, 2013

Nouriel Roubini ‏: We are likely headed to Sequester on March 1st

NOURIEL ROUBINI BLOG