Showing posts with label UK. Show all posts

Showing posts with label UK. Show all posts

Tuesday, July 17, 2012

Nouriel Roubini : The UK likely to exit the EU within the Next 3 Years

Nouriel Roubini : "Will the UK exit the EU & when?Likely in the next 3yrs. Will the UK on net benefit from exit? There are benefits & cost. The net is a lil >0 " - in twitterNouriel Roubini : The UK likely to exit the EU within the Next 3 Years

Thursday, June 24, 2010

Roubini on Britain deficit problem

Nouriel Roubini: tackling the UK deficit

Author and economist Nouriel Roubini One of the world's leading economists outlines the downside risks to the UK economy and sterling as the Government attempts to tackle the deficit. the new British Government has a "slight honeymoon" on tackling the country's massive budget deficit.
"A lot of it has to be done early because the country wants to differentiate itself from Greece, from Spain, from Portugal.

"The signal to the markets should be: yes, we have a deficit, we have a large stock of public debt but now there's a new Government committed to reducing this deficit.

"If that credibly occurs then interest rates are not going to go higher, inflation is not going to go higher."

Wednesday, May 19, 2010

Roubini There is a risk of Inflation in UK

Nouriel Roubini, 'DR. DOOM' 18-May-2010

Nouriel Roubini : inflation can be a way of reducing the real value of public debt , but it is dangerouse because if it goes out of hand then it'll go higher it will lead to currency crash for there is collateral damage from using the inflation tax

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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.