NOURIEL ROUBINI BLOG tracks the media appearances of Dr Nouriel Roubini his interviews articles debates books news speeches conferences blogs etc..Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
Tuesday, January 21, 2014
4 of the important Systemic Tail Risks in a Global Economy
Nouriel Roubini : First of all, I’m not “doom-and-gloom.” I’m not “Dr. Doom,” I’m “Dr. Realist.” I predicted correctly the trouble when it did occur, but the global economy has been recovering now for a few years from a very severe financial crisis. And I would say that compared to a year ago or even two years ago, some of the tail risks to the global economy today are lower.
For example: the tail risks of breakup of the eurozone or Italy and Spain losing market access; the tail risk of another fiscal crisis in the U.S. with a fight on the debt ceiling or on the government shutdown; the tail risk at least in the short run of a hard landing of China; or the tail risk of a war between Israel and Iran that then there's a spike in oil prices.
Those are four of the important systemic tail risks in a global economy. I would say this year they are less likely than last year, and last year they were already less likely than in 2012. - in Indexuniverse
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics