How alarming is the current situation? Is it a repeat of 2008?
Roubini : We are in the middle of a riskoff episode because there are a whole bunch of concerns -China hard landing, its currency and stock market, the Middle East, oil prices, US growth and the fact that the Fed is raising rates above zero and credit markets getting nervous... concerns about Europe. I did expect that some of these shocks will occur. The last time when we had a riskoff episode, where you had a correct ..
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Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
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