Showing posts with label Roubini on Greece. Show all posts

Friday, February 12, 2010

Nouriel Roubini : The difference between Greece Debt and The US Debt is The Printing Press

Roubini on Greece and California Debt Similarities and Differences

Nouriel Roubini explains the differences and similarities between the debt crisis of California and New York and that of Greece , Roubini points out the California is a much bigger to the US economy than is Greece to the European Union , in fact California is one seventh of the American economy while Greece is only three per cent of the European economy but unlike the US Greece does not have control over the printing press of the Euro so it cannot monetize its debt as did the United States a while back........Insight on the rolling debt crisis, with David Malpass, Encima Global; Nouriel Roubini, RGEmonitor.com; and Andrew Ross Sorkin, The New York Times.

Monday, February 8, 2010

Nouriel Roubini on Russian Economy and Greece Debt Default

Nouriel Roubini Does not believe that Greece will go bust thanks to the EU or IMF bailout

Feb. 3 (Bloomberg) -- New York University Professor Nouriel Roubini talks with Bloomberg's Ryan Chilcote about the prospect of Greece defaulting on its debt. Speaking at the Troika Dialog Russia Forum in Moscow, Roubini also discusses the outlook for the Russian economy.

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.

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