Roubini on Trump : a Contradiction on Populism, Trickle-Down

Ian Bremmer, president at Eurasia Group, and NYU Stern School Professor Nouriel Roubini examine protectionist measures expected from U.S. President-elect Donald trump and the lack of global leadership. They speak on "Bloomberg Surveillance." (Source: Bloomberg)










Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Asia worried about The Trump Tsunami

"Am for a week in Beijing/Tokyo/Seoul. Asians ponder the Trump tsunami amid end of the Pax Americana as political changes rock North Asia" - in Twitter

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini : Top Risk for The Eurasia Group in 2017

Roubini: Trump a Contradiction on Populism, Trickle-Down





Ian Bremmer, president at Eurasia Group, and NYU Stern School Professor Nouriel Roubini examine protectionist measures expected from U.S. President-elect Donald trump and the lack of global leadership. They speak on "Bloomberg Surveillance." (Source: Bloomberg)

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini on Top Risks of 2017

Roubini - Trump's Isolationist Policy - 3 Jan 17





Roubini : Donald Trump’s election as President of the United States does not just represent a mounting populist backlash against globalization. It may also portend the end of Pax Americana – the international order of free exchange and shared security that the US and its allies built after World War II. That US-led global order has enabled 70 years of prosperity. It rests on market-oriented regimes of trade liberalization, increased capital mobility, and appropriate social-welfare policies; backed by American security guarantees in Europe, the Middle East, and Asia, through NATO and various other alliances.


Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini Warns : Trump will bring Global Conflict & WW3

Nouriel Roubini, a professor of finance at New York University, believes that the US position after the victory of Donald Trump can put an end to 70 years of prosperity. The measures that the magnate defends and that are already taking place, although he has not yet taken office, may be the seeds from which the next world conflict is born.

Roubini, who has already correctly predicted the latest financial crisis, says in Project Syndicate that the election of Donald Trump "may imply an end to the Pax Americana: the international order of free trade and shared security that the United States and its allies built after Of World War II ".

And it is that the US-led order to date has made possible "70 years of prosperity, based on pro-market regimes of trade liberalization, increased capital mobility and adequate social welfare policies, and with the support Security assurances and alliances such as NATO. "


http://www.eleconomista.es/economia/noticias/8064759/01/17/Roubini-EEUU-primero-y-tendremos-un-conflicto-mundial-despues.html

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini: Trump's Isolationist Policy Recipe for Disaster

 Jan.03 -- NYU Stern School Professor Nouriel Roubini and Ian Bremmer, president at Eurasia Group, discuss the geopolitical risks linked to the policies of U.S. President-elect Donald Trump. They speak on "Bloomberg Surveillance."













 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini - Trump's Isolationist Policy - 3 Jan 17

Roubini - Trump's Isolationist Policy - 3 Jan 17 | Gazunda







 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

“America First” and Global Conflict Next

NEW YORK – Donald Trump’s election as President of the United States does not just represent a mounting populist backlash against globalization. It may also portend the end of Pax Americana – the international order of free exchange and shared security that the US and its allies built after World War II.

That US-led global order has enabled 70 years of prosperity. It rests on market-oriented regimes of trade liberalization, increased capital mobility, and appropriate social-welfare policies; backed by American security guarantees in Europe, the Middle East, and Asia, through NATO and various other alliances.

Trump, however, may pursue populist, anti-globalization, and protectionist policies that hinder trade and restrict the movement of labor and capital. And he has cast doubt on existing US security guarantees by suggesting that he will force America’s allies to pay for more of their own defense. If Trump is serious about putting “America first,” his administration will shift US geopolitical strategy toward isolationism and unilateralism, pursuing only the national interests of the homeland.

When the US pursued similar policies in the 1920s and 1930s, it helped sow the seeds of World War II. Protectionism – starting with the Smoot-Hawley Tariff, which affected thousands of imported goods – triggered retaliatory trade and currency wars that worsened the Great Depression. More important, American isolationism – based on a false belief that the US was safely protected by two oceans – allowed Nazi Germany and Imperial Japan to wage aggressive war and threaten the entire world. With the attack on Pearl Harbor in December 1941, the US was finally forced to take its head out of the sand.

 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Why Philippines deserve investment grade - Nouriel Roubini

 Renowned economist Nouriel Roubini tells audience at the Philippine Investment Summit 2013 in Manila why the Philippines deserves investment grade.











 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini: Central Banks running out of Bullets

Roubini, who is known as Dr. Doom, said he has always been a realist who looks at the upside and tail risks to the market and economy. And he thinks the biggest tail risk is a Donald Trump presidency because it will lead to significant policy, political and geopolitical uncertainties. He also doesn't think the Federal Reserve will hike interest rates at its September meeting later this week. "There's no reason to do so. The economy is still having mixed data," Roubini said. "You don't want also to rattle the markets right before the election."



 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

China 2016 - The New Normal of Emerging Markets

 What megatrends will drive emerging market investments in the "new normal"?

Speakers:
·Kevin Lu, Chief Executive Officer, Partners Group, Singapore.
·Nouriel Roubini, Professor of Economics and International Business, Leonard N. Stern School of Business, New York University, USA.
·Yinglan Tan, Venture Partner, Sequoia Capital, Singapore.

Moderated by Kaori Iida, Senior Editor, Economics News Division, NHK (Japan Broadcasting Corporation), Japan.




 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Who is Nouriel Roubini ?

Nouriel Roubini (born March 29, 1958) is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics, an economic consultancy firm.

The child of Iranian Jews, he was born in Turkey and grew up in Italy. After receiving a BA in political economics at Bocconi University, Milan and a doctorate in international economics at Harvard University, he became an academic at Yale and a visiting researcher/advisor at the International Monetary Fund (IMF), the Federal Reserve, World Bank, and Bank of Israel. Much of his early research focused on emerging markets. During the administration of President Bill Clinton, he was a senior economist for the Council of Economic Advisers, later moving to the United States Treasury Department as a senior adviser to Timothy Geithner, who in 2009 became Treasury Secretary.

 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

The New Abnormal for our Times by Nouriel Roubini

Nouriel Roubini is a Professor of Economics at New York University’s Stern School of Business and is Chairman and Founder of Roubini Global Economics, an innovative economic and geo-strategic information service with 30 economists on staff. He studies international macroeconomics, political economy and the mechanisms of economic growth.

Prof. Roubini served as a senior adviser to the White House Council of Economic Advisers and the U.S. Treasury Department, has published numerous policy papers and books on key international macroeconomic issues, and is regularly cited as an authority in the media. Dr. Roubini was chosen as number 4 on Foreign Policy’s Top 100 Global Thinkers list and was named to Fortune Magazine’s list of “10 new gurus you should know”.

Prof. Nouriel Roubini is a successful forecaster of the current financial crisis, with distinctive insight into its course going forward. He is known for his now-vindicated predictions of the current financial crisis. He speaks on the global economic outlook and its implications for financial markets.





 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Nouriel Roubini in Argentina -- Conferencia Magistral

Conferencia Magistral Dr. Nouriel Roubini, Destacado economista y co-fundador y Presidente de Roubini Global Economics. 2do Congreso Internacional de Responsabilidad Social (CIRS), realizado en 2014 en la ciudad de Buenos Aires, Argentina.
















 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini at EXPO REAL 2016: "Europe has to stick together"

The American star economist speaks in Munich at Europe's largest property industry trade fair in Munich about the current economic climate and prospects considering Brexit and Donald Trump's candidacy in the run-up to the US Presidential Election in November. This is a summary.











 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Nouriel Roubini about Major Innovations & Silicon Valley

 Professor of Economics and International Business at the New York University, Nouriel Roubini is a specialist analytical entrepreneur.

Here Nouriel speaks about major innovations, Silicon Valley, and the advancements we can expect to see in the coming years.











Nouriel Roubini Speakers Corner



 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Dr. Nouruiel Roubini : The Alexander Brody Lectures

 Renowned economist Dr. Nouriel Roubini speaking about the current financial crisis at Yeshiva University's Alexander Brody Lecture Series.

NOURIEL ROUBINI: Popularly known as Dr. Doom, which was the title of a profile in The New York Times Magazine in August of 2008,








 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Nouriel Roubini: the taming of Trump

Now that Donald Trump has unexpectedly won the US presidency, it is an open question whether he will govern in accordance with his campaign’s radical populism, or adopt a pragmatic, centrist approach.
If Trump governs in accordance with the campaign that got him elected, we can expect market scares in the United States and around the world, as well as potentially significant economic damage. But there is good reason to expect that he will govern very differently.

A radical populist Trump would scrap the Trans-Pacific Partnership, repeal the North American Free Trade Agreement, and impose high tariffs on Chinese imports. He would also build his promised US-Mexico border wall; deport millions of undocumented workers; restrict H-1B visas for the skilled workers needed in the tech sector; and fully repeal the Affordable Care Act (Obamacare), which would leave millions of people without health insurance.

Overall, a radical Trump would significantly increase the US budget deficit. He would sharply reduce income taxes on corporations and wealthy individuals. And while he would broaden the tax base, increase the carried-interest tax, and encourage companies to repatriate foreign profits, his plan would not be revenue-neutral. He would increase military and public sector spending in areas such as infrastructure, and his tax cuts for the rich would reduce government revenue by $9 trillion over a decade.

Read More : http://www.efinancialnews.com/story/2016-11-11/comment-nouriel-roubini-trump

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini at EXPO REAL 2016: "Europe has to stick together"

The American star economist speaks in Munich at Europe's largest property industry trade fair in Munich about the current economic climate and prospects considering Brexit and Donald Trump's candidacy in the run-up to the US Presidential Election in November. This is a summary.






Der US-Starökonom sprach exklusiv in München auf Europas größter Immobilienmesse über die aktuelle wirtschaftliche Lage und Perspektiven – nach dem Brexit und vor der US-Präsidentschaftswahl mit Donald Trump als Kandidaten. Hier die Zusammenfassung.











 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

China 2016 - The New Normal of Emerging Markets

 What megatrends will drive emerging market investments in the "new normal"?

Speakers:
·Kevin Lu, Chief Executive Officer, Partners Group, Singapore.
·Nouriel Roubini, Professor of Economics and International Business, Leonard N. Stern School of Business, New York University, USA.
·Yinglan Tan, Venture Partner, Sequoia Capital, Singapore.

Moderated by Kaori Iida, Senior Editor, Economics News Division, NHK (Japan Broadcasting Corporation), Japan.





 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Dr. Nouriel Roubini - Conferencia Magistral

[CIRS 2014] Conferencia Magistral - Dr. Nouriel Roubini







Conferencia Magistral Dr. Nouriel Roubini, Destacado economista y co-fundador y Presidente de Roubini Global Economics. 2do Congreso Internacional de Responsabilidad Social (CIRS), realizado en 2014 en la ciudad de Buenos Aires, Argentina.






 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

The Return of Fiscal Policy By Nouriel Roubini

 NEW YORK – Since the global financial crisis of 2008, monetary policy has borne much of the burden of sustaining aggregate demand, boosting growth, and preventing deflation in developed economies. Fiscal policy, for its part, was constrained by large budget deficits and rising stocks of public debt, with many countries even implementing austerity to ensure debt sustainability. Eight years later, it is time to pass the baton.

 As the only game in town when it came to economic stimulus, central banks were driven to adopt increasingly unconventional monetary policies. They began by cutting interest rates to zero, and later introduced forward guidance, committing to keep policy rates at zero for a protracted period.

 In rapid succession, advanced-country central banks also launched quantitative easing (QE), purchasing massive volumes of long-term government securities to reduce their yields. They also initiated credit easing, or purchases of private assets to reduce the costs of private-sector borrowing. Most recently, some monetary authorities – including the European Central Bank, the Bank of Japan, and several other European central banks – have taken interest rates negative

 https://www.project-syndicate.org/commentary/shift-from-monetary-to-fiscal-policy-by-nouriel-roubini-2016-09

 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini on Brexit

AMNC16 - Nouriel Roubini on Brexit
World Economic Forum











 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Nouriel Roubini's advice for the next British PM

AMNC16 - Nouriel Roubini's advice for the next British PM

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics










 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Nouriel Roubini : No Assets Bubble

Roubini on interest rates, US election

Nouriel Roubini, the economist who correctly predicted the 2008 stock market crash, spoke at length with CNBC on the potential risks of asset bubbles given the massive amounts of monetary stimulus that have been injected into the system by central banks around the globe. "I don't think we are in a bubble right now, but if you look at the price of many assets, they look kind of expensive," said Roubini, pointing to the levels of public and private equity, credit markets and real estate. "Across the board I don't see a bubble, but I see certainly some frothiness."





http://www.cnbc.com/2016/09/20/nouriel-roubini-on-interest-rates-us-election.html

 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini : Significant Upside In Gold Less Likely

http://www.kitco.com/news/2016-09-15/Signficant-Upside-In-Gold-Less-Likely-Nouriel-Roubini.html




“My personal view will be as follows: most likely the Fed will skip September because there’s an election coming and because the economic data being mixed,” the New York University professor said. “But you can expect the Fed is going to hike this year at least once in December.”


“Therefore, buying gold as a hedge against extreme tail risk in financial markets is probably not a likely scenario,” he said. “Now that other assets are offering capital gains and income, gold looks less appealing.”

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

About Nouriel Roubini

Nouriel Roubini

Nouriel Roubini is a Persian American professor of economics at New York University’s Stern School of Business and chairman of Roubini Global Economics, an economic consultancy firm.Roubini’s critical economic views have earned him the nicknames “Dr. Doom” and “permabear” in the media. In 2008, Fortune magazine wrote, “In 2005 Roubini said home prices were riding a speculative wave that would soon









 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini : a new vision For Europe is needed now

Roubini noted that it is unlikely for the EU to disintegrate suddenly. “But finding ways to integrate that are democratic and politically acceptable is imperative. Muddling through has resulted in an unstable equilibrium that will make disintegration of the EU and the eurozone inevitable. Given the many risks Europe faces, a new vision is needed now.” Source:Kitco













 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Nouriel Roubini on Geopolitical Risks in the Global Economy

Nouriel Roubini, World-class Economist, Professor of Economics, NYU’s Stern School of Business and Chairman of Roubini Global Economics and a speaker at the European Pensions & Investments Summit discusses geopolitical risks in the global economy: investigating the downside for an uncensored economic outlook. The tremors of global deleveraging will continue to be felt for years to come. Policymakers are endorsing fiscal austerity and unconventional monetary policy with the aim of stabilising their economies but in the midst of this shifting market, looming geopolitical risks could outplay these efforts and transform stagnation into a full blown recession. Nouriel Roubini, popularly known as Dr Doom, is widely recognised for his predictions of the current financial crisis. Join the next Summit along with leading regional pension investors and global asset managers in an intimate environment for a focused discussion of key new drivers shaping institutional investment strategies today.












Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini on The Outlook for The Global Economy

Nouriel Roubini on the outlook for the global economy











 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini: #Brexit 'The Beginning Of The End' of EU

Famed economist Nouriel Roubini warned Friday that a split between the U.K. and the European Union could accelerate a wave of independence movements across the continent, laying the groundwork for the end of the EU. “It would create a huge amount of uncertainty, about not just Britain but the future of the European Union,” Roubini said of a British exit, or Brexit, from the bloc. If Britons vote to leave the EU in the public referendum scheduled for June, Roubini told Bloomberg, “you could have the beginning of the end of the European Union.” Roubini, who earned the moniker Dr. Doom for his accurate prediction of the 2008 financial crisis, said a Brexit would catalyze other breakaway movements across Europe. Scottish separatists would gain momentum in their desire to leave the U.K., while the Catalan independence movement would press harder to split from Spain, the New York University economist predicted. A long-feared Greek exit, or Grexit, could soon follow. But even less restive states could be spurred to action, Roubini said, including nations like Sweden that are members of the EU but do not participate in the eurozone monetary union.




Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Nouriel Roubini Chief Economic Advisor

Nouriel Roubini serves as ACGM’s Chief Economic Advisor, providing the firm and our clients with his world-renowned, highly-prized economic insights. These are driven by Nouriel’s extensive research, focused on International Macroeconomics, Fiscal Policy, Political Economy, Growth Theory and European Monetary Issues. A reflection of his global outlook, Nouriel has devoted a significant amount of his time to studying Emerging Markets. His more than twenty-years-worth of knowledge and experience in this area is tremendously valued by the firm and our clients in the Middle-East and Latin America.
During his distinguished career, Nouriel has earned many notable accolades, but he is perhaps best known for foreshadowing the U.S. housing market crash of 2007-2008; he first warned of the crisis in an IMF position paper published in 2006. Nouriel’s policy experience is extensive: from 1998 to 2000, he served as the senior economist for international affairs on the White House Council of Economic Advisors, working during the administration of President Bill Clinton, and then the senior advisor to the undersecretary for international affairs at the U.S. Treasury Department, alongside Timothy Geithner, 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. Nouriel began his academic career on the faculty of Yale University’s department of economics in during the 1980s, and he is currently Professor of Economics and International Business at New York University Stern School of Business. Nouriel has published over 70 theoretical, empirical and policy papers on international macroeconomic issues and coauthored the books Political Cycles: Theory and Evidence (MIT Press, 1997), Bailouts or Bail-ins? Responding to Financial Crises in Emerging Markets (Institute for International Economics, 2004) and Crisis Economics: A Crash Course in the Future of Finance (Penguin Press, 2010). In May 2016, he sold Roubini Global Economics, an independent, global macroeconomic and market strategy research firm, which he cofounded and where he continues to serve as the Chairman. The firm's website, Roubini.com, has been named one of the best economics web resources by Bloomberg Businessweek, Forbes, The Wall Street Journal and The Economist. Nouriel's views on global economic issues are widely cited by the media, and he is a frequent commentator on various business news programs. He has been the subject of extended profiles in The New York Times Magazine and other leading current-affairs publications. The Financial Times has also provided extensive coverage of his perspectives. In 2011 and 2012, he was named one of the Top 100 Global Thinkers by Foreign Policy magazine. In 2013, Nouriel was awarded the Award for Excellence in Global Thinking by the Global Thinkers Forum. He has appeared before Congress, the Council on Foreign Relations and the World Economic Forum at Davos. Nouriel received his undergraduate degree from Bocconi University in Milan, Italy, and his Ph.D. in Economics from Harvard University in 1988.






Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Nouriel Roubini: Oil to pick up in 2016

Dr. Doom at Arab Strategy Forum, Dubai, December 2015.











Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini @ Scotiabank Seminar Chile 14-06-16

Exposición de Nouriel Roubini, presidente de Roubini Global Economics 14-06-16
Extractos de la exposición del economista y académico en el seminario "Economía global: ¿Al borde de un ataque de nervios?", organizado por Scotiabank, Chile.










Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Credit Suisse Roubini Interview @ 2016 Emerging Markets Conference (Moscow)

2016 Emerging Markets Conference (Moscow) – Interview with Nouriel Roubini
Insights on the global economy from Nouriel Roubini, Chairman & CEO, Roubini Macro Associates, LLC.














Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

#Brexit -- The proverbial canary in the coalmine

Nouriel Roubini sees the Brexit vote as “the proverbial canary in the coalmine, signaling a broad populist/nationalist backlash – at least in advanced economies – against globalization, free trade, offshoring, labor migration, market-oriented policies, supranational authorities, and even technological change.”














Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini: Russian Economy more stable now

Russia Beyond the HeadlinesNouriel Roubini: Russia’s economy is more stable nowRussia Beyond the HeadlinesIn a scenario in which the UK’s departure from the EU leads to calls for independence from Scotland and Northern Ireland, Roubini believes that Catalonia will then want to break away from Spain, and even sees the potential for a Swedish and Danish exit …
Kira Egorova


 Continue reading at rbth.com












Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini : China 2016 - Global Economic Outlook: The View from Asia

In every region of the world, economic growth has failed to return to the rate it averaged before the Great Recession. What are the priorities for reinvigorating and rebalancing the global economy? Speakers: -Huang Yiping, Professor, National School of Development, Peking University, People's Republic of China. -Nouriel Roubini, Professor of Economics and International Business, Leonard N. Stern School of Business, New York University, USA. -Mehmet Simsek, Deputy Prime Minister of Turkey. -Jing Ulrich, Managing Director and Vice-Chairman, Asia-Pacific, JPMorgan Chase & Co., Hong Kong SAR. -Min Zhu, Deputy Managing Director, International Monetary Fund (IMF), Washington DC. -Zhu Guangyao, Vice-Minister of Finance of the People's Republic of China. Moderated by Stephen Engle, TV Correspondent, Bloomberg News, Hong Kong SAR.



 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini : What Megatrends will drive emerging market investments in the "new normal"?

China 2016 - The New Normal of Emerging Markets







What Megatrends will drive emerging market investments in the "new normal"? Speakers: ·Kevin Lu, Chief Executive Officer, Partners Group, Singapore. ·Nouriel Roubini, Professor of Economics and International Business, Leonard N. Stern School of Business, New York University, USA. ·Yinglan Tan, Venture Partner, Sequoia Capital, Singapore. Moderated by Kaori Iida, Senior Editor, Economics News Division, NHK (Japan Broadcasting Corporation), Japan.



 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini Warns - Dollar Collapse Coming Soon

Nouriel Roubini - U.S. economy slowing down Dollar Collapse Coming
Roubini Global Economics Chairman Nouriel Roubini on the outlook for the global economy and Federal Reserve policy.













Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Nouriel Roubini's advice for the next British PM

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Brexit Nouriel Roubini could mark disintegration in europe;Scots might for another referendum

Brexit could mark the start of disintegration in Europe;Scots might for another referendum, says Nouriel Roubini, one of the few economists to predict America's 2007-8 housing crash.






Roubini said: "It could be – I’m not saying it is going to be – the beginning of the disintegration of the European Union or the Eurozone. "At some point in the future, the Scots might decide to go for another referendum and it may be the break-up of the United Kingdom. "Then the Catalans in Spain might say ‘me too’ and that might lead to the break-up of Spain. "Some of the Nordic members of the European Union might say ‘without the UK the European Union is mostly the Eurozone, so what’s in it for me?’" – Sweden, Denmark and so on. However, the economics professor was careful to put the Brexit decision in context. It's a concern rather than a crisis in his eyes. "I don’t expect a global recession or another global financial crisis. I think that the shock that comes from Brexit is significant but not of the same size and magnitude as the one we had in 2007, 8 and 9. "However, I would say it is a major, significant financial shock, as the reaction of the markets on Friday suggested. It creates a whole bunch of economic, financial, political and also geopolitical uncertainties."




 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

#BrexitRecession - #Brexit unlikely to cause global recession says Roubini

 Risk of the world falling into a recession and financial crisis is limited in the aftermath of UK’s decision to leave the European Union, concluded Nouriel Robin, Professor of Economics and International Business at the Leonard N. Stern School of Business, New York University, in a panel discussion on the global economic outlook at the Annual Meeting of the New Champions 2016.

However, he said he does not expect the world to be out of the woods anytime soon from the stagnation experienced across both advanced and emerging economies. Mediocre growth is the new normal, he quipped. Traditional monetary and fiscal policies have lost their efficacy to jumpstart anaemic economies, and structural reforms have been constrained by politics, Roubini added.

Commenting on Brexit, Roubini warned of a global trend of backlash against globalization spurred by the fruits of growth not trickling down to all segments of society. “What we saw in the UK referendum was a division between rich and less rich, young and old, skilled and less skilled. This kind of pressure is becoming severe,” he said. “Look at the United States: you have Donald Trump representing the angry white blue-collar worker, and Bernie Sanders for both angry white- and blue-collar workers.”

Radical parties are emerging not only in peripheral EU countries, but in core nations as well, Roubini observed. Unless there is inclusive growth, political backlash will intensify, he predicted. Roubini’s view was shared by Mehmet Simsek, Deputy Prime Minister of Turkey. “Brexit represents one of the most significant pullbacks from post-World War Two consensus on openness in trade, labour movements and globalization in general,” he said.

Turning to how the US is likely to respond in relation to its much-anticipated move on interest rates in the second half of the year, Roubini was of the view that the US Federal Reserve is likely to keep rates on hold. Given the current environment where political uncertainties abound and markets remain volatile, those conditions imply a strengthening of the US dollar. Raising the rates would cause even greater appreciation, which is unfavourable for American exports, he explained. Other panellists agreed, noting that not hiking rates will provide breathing space for emerging markets and stem a capital flight to the US from rate increase.Nouriel Roubini photoPhoto by Πρωθυπουργός της Ελλάδας

The panel shifted gear to discuss the high debt levels in China, currently at some 160% of the GDP, and whether the leverage level portends a banking crisis. A collapse in the country’s financial system would have massive reverberations as its economy, the second largest in the world, contributes some 35% to global GDP. Most of the panel agreed that the doomsday scenario is unlikely as the bulk of the bad debt exposure is limited to state-owned companies and not households and private-sector firms. They believe the healthy balance sheet of the central government can shoulder any shock to the system.

“We don’t expect a crisis because the source of funding in the system, which is mainly deposits, is secure,” said Jing Ulrich, Managing Director and Vice-Chairman, Asia-Pacific, JPMorgan Chase & Co., Hong Kong SAR. She added: “You have $23 trillion equivalent of RMB savings in the banking system, the biggest in the world. And these are secure and will not leave the system because of China’s capital account control. Also, the capital adequacy ratio in Chinese financial institutions remains high by international standards.” That said, Jing and the other panellists underlined that structural reforms, especially in state-owned enterprises, are urgently needed so that these firms do not drag their feet on restructuring, thinking the state would bail them out.

Jing recommended further liberalization of the capital markets by opening up more corporate funding sources through equity and bond issues, and allowing international investor participation. She said this change would force Chinese companies to be more accountable in the way they are run. “Traditionally, the Chinese economy has been relying too much on bank lending. There is more transparency when you raise money from equity and bond markets. International investors’ participation will inject a sense of discipline and governance,” she said.




 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Nouriel Roubini on the fate of the EU

Nouriel Roubini on the fate of the EU








Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics