Showing posts with label The Bill Maher. Show all posts

Thursday, November 25, 2010

Bill Maher interviews Nouriel Roubini 21st May 2010

Real Time, May 21, 2010 ( Nouriel Roubini )

Monday, May 24, 2010

Nouriel Roubini on The Bill Maher May 21, 2010

Roubini : when there is a bubble everybody lives in a bubble , most of the people are using their home as an ATM machine

Economist Nouriel Roubini on the Bill Maher from L.A.
Doctor Doom says : the legendary investor Marc Faber calls himself doctor doom gloom and boom so compared to him I am just doctor Doom , no apart from the joke I think the question is ...., it is not a question of being optimistic or pessimistic it's just being realistic about what happens and in some sense actually it is not much worse than I predicted , you know in 2006 when I predicted Home prices will fall 20% they fall 30% the home sales fell by 80% instead of the 50% I predicted so I was too optimistic not too pessimistic ...when there is a bubble everybody lives in a bubble... the consumers were living beyond their means ...most of the people are using their home as an ATM machine..

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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