Sell Emerging Markets, but do it wisely ~ RGE's Arnab Das

Arnab Das, managing director of market research and strategy at Roubini Global Economics, tells CNBC that what's going on in India is a combination of weak governance, bad politics and bad macro imbalances. 




"People over invested in them, the stories were overhyped, too much capital went in, asset prices were too high and there was too much credit extension. And now we're going to see the pullback of that process,"
"One of the things going on here is a realization that the growth differential between emerging markets and developed countries is going to be narrower than it looked like in the immediate aftermath of the crisis," he said.

Analyzing the Markets - Arnab Das of Roubini Global Economics

Jan. 4 2011 | Arnab Das, managing director of market research and strategy at Roubini Global Economics joined CNBC on Tuesday for a closer look at the markets.

Arnab Das, G20 Meeting in Focus

Fri. Oct. 22 2010 | The currency wars could come to a head this weekend at the G20 summit. Arnab Das, managing director of market research and strategy of Roubini Global Economics, and Lauren Rosborough, senior currency strategist at Westpac, discuss the outlook.

Arnab Das, More Stress Tests Required?

Sept. 10 2010 | Arnab Das, Managing Director of market strategy and research at Roubini Global Economics told CNBC he believes another round of bank stress tests will be required once the new Basel III guidelines are in place and banks are fully recapitalized. “The main uncertainty stems not from Basel III or the banks stress tests in the EU…but it is a question of where is the economy is going…We are facing some headwinds because this is not a conventional situation,” he said.

Arnab Das : US to Make Faster Recovery than Europe?

Jul. 7 2010 | The US economy is likely to make a faster recovery than the European economy, Arnab Das from Roubini Global Economics told CNBC Wednesday.

Arnab Das of RGE discusses Spain situation

Das Says Spain Needs to `Shore Up' Financial System

June 8 (Bloomberg) -- Arnab Das, head of global markets research at Roubini Global Economics, talks with Bloomberg's Deirdre Bolton about Spain's austerity measures and the need to bolster the nation's financial system. (Source: Bloomberg)

Arnab Das : Emerging markets not immune to EU crisis

Emerging markets not immune to EU crisis: Roubini Global

May 25, 2010 — In an interview with CNBC-TV18, Arnab Das, Managing Director (Market Research and Strategy) at Roubini Global Economics, spoke about concerns arising out of Spain and the road ahead for global markets.

Arnab Das Says Euro-Zone Crisis Will Stall China, U.S. Growth

May 25 (Bloomberg) -- Arnab Das, head of global markets research at Roubini Global Economics, talks with Bloomberg's Erik Schatzker about the European financial crisis and its impact on growth in the U.S. and China. Das also discusses the turmoil within Spain's banking system. (Source: Bloomberg)

Arnab Das Sees Strong Chance of Greece Restructuring Debt

May 21 (Bloomberg) -- Arnab Das, head of global markets research at Roubini Global Economics, talks with Bloomberg's Andrea Catherwood about the European debt crisis. Das, speaking in London, also discusses U.S. financial regulation and the outlook for the euro.

Roubini Global Economics Arnab Das Sees signs of overheating in India

The Indian markets have been trading in the red for the past few days on concerns that the European debt crisis is spreading and monetary tightening by China.

RGE Arnab Das on Greece The Eurozone and the domino effect

"The crisis in Greece will be exacerbated in the short and the spread will increase with the Bund. The market will continue to test the commitment greek, when there will be full of serious Athens, the spreads decrease. In the background there is another problem: the problem of competitiveness. In recent years the local economy has not grown much and has not been made structural reforms to ensure flexibility in the economy, necessary since exchange rates are fixed. Even Ireland is in crisis, but at least for a decade had grown more in the world. You should also consider Germany, after reunification has faced deflation painful but necessary. Today can not say to Greece: we grant you a discount. "Arnab Das on the Italian Paper Il Giornale
"Monetary union does not include an exit strategy. If Greece were to leave, the debt should rename the new drachma rates skyrocketing. There would be chaos. And then a domino effect: other countries end up under pressure. Would risk a crisis similar to that of Lehman. But to Athens for the euro is just one battle, the war is not yet won. "
"History shows that monetary union is no life without political unity and tax. It may be that the euro is the exception, but only if countries continue to meet Maastricht. Even California is bankrupt, and California weigh much more than Greece, but is not a sovereign state and the federal government can relieve it by transferring funds. The Eurozone rather not have this flexibility. So the crisis in Greece is highlighting the limits of the euro. "

Source Il Giornale

RGE Arnab Das on Dubai Crisis

Dubai crisis means market must contend with credit hits: Arnab Das of RGE Roubini Global Economics :

RGE Arnab Das on CNBC

Tale of Two Halves

The U.S. economy is recovering but the private sector has not returned, says Arnab Das, managing director, market research and strategy at Roubini Global Economics. He expects the economy to outperform in the first two quarters and weaken in the second-half. He speaks to Ajay Kapur, global strategist at Mirae Asset Securities and CNBC’s Martin Soong and Sri Jegarajah.

RGE Arnab Das on Greece Austerity Measures

Awaiting Greece's Austerity Measures

Greece is expected to announce new austerity measures late today. Arnab Das, managing director, market research and strategy at Roubini Global Economics speaks to CNBC's Karen Tso and Martin Soong about the impact of these measures.

RGE Arnab Das Says Greece Needs More Budget Cuts

Feb. 3 (Bloomberg) -- Arnab Das, managing director of market research and strategy at Roubini Global Economics, talks with Bloomberg's Francine Lacqua and David Tweed about Greece's plan to cut its budget deficit. Greece’s proposal to cut the European Union’s biggest budget deficit won European Commission backing after the government announced additional measures to reduce the shortfall and try to quell investor concern that the nation may need a bailout. (Source: Bloomberg)

Dubai Shows Limits of Government Rescues, Roubini s Das Says

Nov. 27 (Bloomberg) -- The worldwide decline in equities spurred by Dubai’s efforts to reschedule its debt is a sign that government spending alone won’t be enough to protect financial markets, according to Arnab Das of Roubini Global Economics.

Stock volatility will probably jump as countries and companies default on loans, said Das, the head of market research and strategy at RGE, the advisory firm founded by economist Nouriel Roubini.
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