China: A Hard Landing Becomes More Likely In 2013

But a hard landing becomes more likely in 2013, as the stimulus fades, nonperforming loans rise, the investment bust accelerates, and the problem of rolling over the debts of provincial governments and their special investment vehicles can no longer be papered over. - in Irish Times
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

QE3 Effects

In spite of the Fed’s impressive commitment to aggressive monetary easing, its effects on the real economy and on U.S. equities could end up being smaller and more fleeting than the effects of previous QE episodes. - in RGE


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

We Are In The Process Of Very Painful Deleveraging In Advanced Economies

We’re in the process of very painful deleveraging in advanced economies. We started the crisis with too much private debt and now we have too much public debt and deficits. Research suggests that usually a deleveraging cycle can last up to a decade.
The crisis in 2007, now we are in 2012 and therefore the process of deleveraging in the United States, in the euro zone, in the U.K. and Japan is barely mid-stream. In the U.S. we postponed the deleveraging of the public sector and the housing sector, and therefore, economic growth will is anemic. Therefore, the only thing we can do, given we don’t have the fiscal tool, is use the monetary policy. - in 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

Germany`s Economic Outlook

There was a divergence between economic growth of the core and the peripheral of the euro zone. Germany used to do better, but the latest data suggests a slowdown in German economic growth. It is still positive, but there are two shocks.

There are two main markets for exports, China and Asia, are slowing down. Secondly, the recession of the periphery of the euro zone is taking a toll because after all, most of the exports of Germany go to the rest of the euro zone. There is a significant slowdown of growth, even in Germany. - in Bloomberg

Related: Dax Index, EuroStoxx 50 Index



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

What To Do When Arriving A Country

When I arrive in a country, the first thing I do is ask the cab driver how the economy is doing or what he thinks about their government. When I’m in the hotel, I ask the same questions, or I walk around and go to the local shopping center. You know, I try to get a sense. And when I’m in a country I also try to talk to people who are not necessarily purely the elite.

I think it’s true that the 1 percent or the elite are living in a world of, maybe, excessive privilege, and they don’t fully realize how much pain and suffering, how much anxiety exists out there. I think there are lots of things that we have to figure out to make sure that we don’t have a social and political backlash. - in Business Insider



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

Thunderously Right For So Thunderously Long

"Roubini has been so thunderously right for so thunderously long as to defy thunderous description." - Tom Keene, 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

These Are The Most Interesting Times

"I love what I do, and for me it's not work. I get a lot out of what I do intellectually. These are the most interesting times that anyone involved in macro could think of - maybe too interesting. - in Foreign 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

We Will Have A Dovish ECB In 2013

Bearish ECB forecasts for 2013 - EZ recession & below target inflation - imply a Dovish ECB in 2013. So Scrooge pospones Xmas gifts to Easter. - in Roubini`s Official 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

To Keep Greece In The Eurozone, You Need A Transfer Union

To keep Greece in the euro zone, effectively you need a transfer union, you have to realize that the problems of Greece are long-term, it’s going to take 10 to 20 years to do the austerity and the reform to stabilize Greece and therefore you have to give money and you have to be patient.

If you’re willing to do that for the sake of keeping the euro zone together, whether it’s economic reasons or political or geo political or foreign policy then Greece has a chance. - in The WSJ

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

Inequality: It Is Not Clear We Will Do Anything About It

“This is an issue that is coming, but it is not there yet. It is clear in the U.S. we are talking about inequality. It is not clear we will do anything about it.” - in NYT

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

US Killings By Guns Outpace Those In Other Civilized Countries

In the US killings by guns outpace those in other civilized countries by a ratio of 50 to 1 or more. - in Roubini`s Official 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

The Euro Zone Periphery Shows Little Sign Of Recovery

"Nonetheless, the euro zone periphery shows little sign of recovery: GDP continues to shrink, owing to ongoing fiscal austerity, the euro’s excessive strength, a severe credit crunch underpinned by banks’ shortage of capital, and depressed business and consumer confidence. Moreover, recession on the periphery is now spreading to the euro zone core, with French output contracting and even Germany stalling as growth in its two main export markets is either falling (the rest of the euro zone) or slowing (China and elsewhere in Asia)." - in Live Mint 

Related: iShares MSCI Italy Index ETF (EWI), iShares MSCI Spain Index ETF (EWP), iShares Germany ETF (EWG)

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

"Benefit" Of Falling Off The Cliff

"Benefit" of falling off the cliff: we get more than 2 months after Jan 1st to hit the debt ceiling as spending drops and taxes are hiked. - in Roubini`s Official 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

The Debt Ceiling Is A Dumb Idea

The debt ceiling is a dumb idea: once Congress votes a budget, that determines the debt issued. So this yearly farce/saga on ceiling is crazy. - in Roubini`s Official Twitter

Related: SPDR SP 500 ETF (NYSE:SPY)


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

A Zero Sum Game In Currencies/ Trade Balances

If a currency is weaker another is stronger; if a trade balance is improved another is worsened. Zero sum game in currencies/trade balances. - in Roubini`s Official 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

Fears Of Early Fed QE Phase-Out Are Way Exaggerated

Fears of early Fed QE phase-out are way exaggerated. Fed minutes noises are most likely another Fed fake... expect QE thru all of 2013. - in Twitter 

Related: SPDR SP 500 ETF (SPY), SPDR Gold Trust ETF (GLD)

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

I think the ECB will end up in QE next year

 Will the ECB have to go beyond forward guidance?

The refinancing rate is zero, they could introduce negative rates on deposits but not too negative ones: Maybe –0.1%, but not –1%, otherwise they create problems in money markets. And such a cut won’t make a difference. I think the ECB will end up in QE next year, because even the introduction of negative rates won’t prevent the Euro from appreciating: the current account is in a large surplus, the tailrisks of the Eurozone have been reduced, so the money is flowing back. These fundamental pressures remain. So, the only escape is outright QE.



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

I am not excessively concerned over Japan

And how about the original: Japan? If Abenomics works, inflation should rise and with it yields. How big is the risk of reaching a tipping point, when Japan will have trouble servicing its huge debt?
Nouriel Roubini : There is a whole bunch of counterarguments. First, you achieve 2% of inflation only when growth is robust. The better the growth in Japan – either because of monetary and fiscal stimulus or structural reforms – the better is the outlook for the debt dynamics. Second, there is no 1:1 relation between inflation rate and long term yields, as long as a central bank is aggressively buying a big fraction of these bonds for a prolonged period of time. Then the real rates tend to become negative – if inflation goes up even more, which again helps the debt dynamics. I am not excessively concerned over Japan. Of course, in the medium term Japan needs more structural reforms to enhance its growth potential, because only growth can really resolve the debt dynamics, fiscal adjustment alone is not sufficient. But they have time. - in www.fuw.ch


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 : 6 Reasons Why Gold Will Crash To $1,000

Why Gold Will Crash To $1,000 - Nouriel Roubini Price Prediction

Consider these six bearish arguments for lower precious metals prices. Do you agree with these statements?Reason No. 1: Gold prices tend to spike when there are serious economic, financial, and geopolitical risks in the global economy. But, even though this may be the case in a real and continuing financial meltdown he feels that gold would still be a poor investment with margin calls forcing sales with the result that the gold price can be extremely volatile, up and down, even at the peak of such a crisis.

Reason No. 2: Roubini notes that gold performs best when there is a risk of high inflation, as its popularity as a store of value increases, but points out that despite the huge amount of monetary easing, inflation has remained low, and may actually be falling due to the velocity of money collapsing. Commercial banks are seen as hoarding the liquidity provided by the Central banks, while reduced purchasing power and low wage demands because of high unemployment are keeping inflationary pressures down.


Reason No. 3: The lack of earnings from gold argument -- While other forms of investment generate income, gold does not. So Roubini sees gold solely as a play on capital appreciation and that with the global economy, arguably, recovering, other assets are seen as generating higher returns. Indeed, QE-boosted US and global equities have vastly outperformed gold since the sharp rise in gold prices in early 2009.

Reason No. 4: The arguably more positive outlook about the US and the global economy implies that over time the Federal Reserve and other central banks will exit from quantitative easing and zero interest policy rates, which means that real rates will rise, rather than fall. With gold performing better in a zero or negative interest rate environment Roubini thus sees its attraction waning as interest rates start to rise.

Reason No. 5: Roubini argues that some of the Central banks of the more indebted nations may be tempted to liquidate part of their gold holdings and thus further depress the gold market. He points specifically to Cyprus where a report that it might sell a small fraction -- some €400 million ($520 million) -- of its gold reserves may have contributed to triggering a 13% fall in gold prices in April. Countries like Italy, which has massive gold reserves (above $130 billion), he says, could be similarly tempted, driving down prices further Roubini comments..

Reason No. 6: Here he blames some extreme political conservatives, particularly in the U.S. for overhyping gold in ways he considers to have been counterproductive. These 'fanatics', as he calls them, have suggested a return to some form of gold standard as being inevitable as they predict hyperinflation may ensue from the Central bank debasement of currency through Quantitative Easing. He goes on to say that given the absence of any conspiracy to expropriate citizens wealth, falling inflation, and what he sees as the inability to use gold as a currency, such arguments cannot be sustained. www.mineweb.com/mineweb/content/en/minew

­­eb-gold-news?oid=192868&sn=Detail

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

I don’t see the risk of outright Deflation with exception of some countries of the Euro periphery

How realistic is a deflation scenario in the industrialized countries, the Japanification?
 
Japanification would imply stagnation and outright deflation. As long as growth remains below trend, inflation is going to be low, but I don’t see the risk of outright deflation with exception of some countries of the Euro periphery: As long as Germany is not willing to reflate, internal devaluation is forced upon the periphery. It would be better if Germany allowed inflation to go beyond 2%.




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

Janet Yellen thinks the Interest Rate is some sort of blind tool

Janet Yellen thinks the interest rate is some sort of blind tool and too generic to address specific bubbles. And Bernanke compared it to perform neurosurgery with a sledgehammer: if you do too little, there is no effect, if you do more, you kill the patient, you damage the real economy. But the most important argument is, that you would kill the bond market and in the light of a weak economy and low inflation exacerbate a deflationary environment.

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

We should take care of a Bubble while it is Inflating

Historically there was an asymmetry: Ten years ago Bernanke and his predecessor Greenspan always said that there is nothing that can be done when a bubble is inflating, only after it burst could the Fed try to avoid collateral damage. I think one lesson from the crisis is that you should take care of a bubble while it is inflating. The debate is whether you should do it with interest rate policy or with macroprudential tools.


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, The Oracle Of 2008, Sees No Bubbles In The U.S. Financial Markets

The brilliant Nouriel Roubini, the swashbuckling NYU economist who predicted the disastrous credit and housing bubble in the U.S. during 2008, told me yesterday he sees “frothiness” not a bubble in some sectors of the U.S. bond market and in the housing markets of 17 foreign nations like Switzerland, Sweden, Norway, Hong Kong, Indonesia, China and Brazil that could become “outright bubbles” someday if they are not reigned in.

Mostly, though, Roubini is predicting zero interest rates from the Fed until mid-2015, when he he believes the money supply will be tightened, and interest rates will rise slowly over a period of four years to reach 4% by 2018. This slow upward climb of interest rates should reduce the chances of a calamitous bubble bursting in the bond market and the mortgage market, asserts Roubini. By comparison, interest rates rose from 1% to 5.25% in two short years in the last tightening cycle.

Nouriel Roubini ~ Honoree GTF 2013 Award for Excellence in Global Thinking

Global Thinkers Forum 2013 & the GTF 2013 Awards for Excellence took place in Athens, Greece on December 3 2013 under the theme 'Leadership & Collaboration'. Nouriel Roubini is the cofounder and chairman of Roubini Global Economics, an independent, global macroeconomic and market strategy research firm. The firm's website, Roubini.com, has been named one of the best economics web resources by BusinessWeek, Forbes, the Wall Street Journal and the Economist. 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. He has published numerous theoretical, empirical and policy papers on international macroeconomic issues and coauthored the books "Political Cycles: Theory and Evidence" (MIT Press, 1997) and "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). Dr. Roubini'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 Dr. Roubini's perspectives. Dr. Roubini received an undergraduate degree at Bocconi University in Milan, Italy, and a doctorate in economics at Harvard University. Prior to joining Stern, he was on the faculty of Yale University's department of 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

Tapering is already priced in to a large extent

 If we consider Bernanke’s May Speech being the first – and failed – attempt to prepare markets for an end of QE: What would be a better way out?

Nouriel Roubini : At this time, the tapering is already priced in to a large extent, yields might go up a little more when they actually do taper. But I would not expect huge jumps. The tapering decision itself will be sweetened by keeping the conditions data-dependent and state-contingent rather than time-dependent. They won’t say, we start today and will be done with all QE in a certain amount of months. - in www.fuw.ch





 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

Bubbles can go on for quite a while

Bubbles can go on for quite a while, until there is a sharp change in monetary policy. Looking at the low interest rates I don’t expect any bubble to burst anytime 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 : Yellen is dovish, but she is not the only one to decide

Could Janet Yellen, Ben Bernankes successor at the Fed, be even more dovish than expected and postpone the tapering even further?

Nouriel Roubini : Yellen is dovish, but she is not the only one to decide, under Bernanke the Fed has developed into a collegial democracy, it’s not the kingdom it used to be under Greenspan anymore. All of the twelve Members of the FOMC have their own strong view and the chairman has to forge a collective decision. And all of them, including Yellen, are convinced that QE hast to be phased out at some point. If the economy will create about 200000 jobs a month and the unemployment rate declines, even if in part due to a falling participation rate, then the FOMC will start doing less QE. Yellens dovishness will manifest itself in a more aggressive forward guidance rather than in a sort of QE forever. - in www.fuw.ch

Roubini : The ECB to Start its own QE after The FED 's Taper

 Nouriel Roubini, co-founder and chairman of Roubini Global Economics LLC, told Switzerland’s Finanz und Wirtschaft that Germany’s Bundesbank was unlikely to oppose the ECB starting a quantitative easing programme. The paper reported Roubini as saying that while the Fed will begin to taper its QE next spring at the latest, the ECB will be forced into its first QE measures at some point next year, no matter what the Bundesbank says.Some economists are seeing the Fed as caught in its own trap. If the macro data improves, monetary conditions worsen via rising yields (as investors switch from risk-free government debt to more risky assets), and the central bank refrains from tapering. Conversely, if the data disappoints, the Fed can’t taper either. Asked about his view, Roubini maintained his conviction that tapering will become a reality sometime between January and March. Roubini also recalled that since last May, when the Fed first started to coach markets on the notion that its unconventional monetary policy would not last forever, the central bank has also been obliged to reassure the markets that low yields would endure after the start of tapering, via the “forward guidance” mechanism.
read more @ invezz.com

 Nouriel Roubini

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 civil unrest in Ukraine may exacerbate the already significant Forex and Debt Risks

The civil unrest in Ukraine triggered by the government's last-minute U-turn on EU integration and movement towards Russia may exacerbate the country's already significant forex and debt risks
"Ukraine's large twin deficits and short-term external debt, inflexible currency and low forex reserves (2.2 months of imports and a third of short-term external debt) make it one of the most vulnerable emerging markets to a currency crisis. This risk has now been exacerbated by the civil unrest triggered by the government’s last-minute U-turn away from the EU integration and towards Russia. Devaluation has so far been avoided mainly due to: (1) positive sentiment of Ukrainian retail depositors, used to depreciation pressure; (2) high costs of hedging for corporates and (3) capital and currency controls. A reversal in sentiment, however, could increase the demand for cash forex and trigger disorderly devaluation in a matter of days," Evghenia Sleptsova, RGE Senior Analyst for Russia and CIS, Country Insights, told Interfax-Ukraine. - via http://en.interfax.com.ua
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 Interview @ Lugano Fund Forum 2013

Nouriel Roubini Interview at Lugano Fund Forum 2013



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

We Have Asset Inflation, rather than Goods Inflation or increased Employment

Nouriel Roubini

Recovery has been anaemic in the West, around 2 per cent on average and slower in Japan. “There is still deleveraging going on. The name of the game is monetary stimulus, but this is causing asset inflation, rather than goods inflation or increased employment. We are beginning to see signs of frothiness in global markets again, while equity prices are high and price [to] earnings ratios [a measurement of equity values] above historical averages,” - in TheNationalUAE


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 Charlie Rose : Debt Crisis, QE Failing, Slow Growth

Nouriel Roubini - Debt Crisis, QE Failing, Slow Growth (26.06.13) Nouriel Roubini, Chairman of Roubini Global Economics warning that the world's economies still face structural problems



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

One of the Challenges of the Islamic Financial Systems is the issue of insolvency

“One of the challenges of the Islamic financial systems is the issue of insolvency. Creditors have a claim over the underlying assets, which is a good thing, but bankruptcy regimes in Islamic countries are not very strong,”

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

There is still Deleveraging going on

Nouriel Roubini

“There is still deleveraging going on. The name of the game is monetary stimulus, but this is causing asset inflation, rather than goods inflation or increased employment. We are beginning to see signs of frothiness in global markets again, while equity prices are high and price [to] earnings ratios [a measurement of equity values] above historical averages,”


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

Quantitative Easing leads to Bubbles & Crashes

“Quantitative easing leads to a risk of financial instability, and greed in financial markets can still cause bubbles and crashes,”



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

Recovery has been Anaemic in The West

“Recovery has been anaemic in the West, around 2 per cent on average and slower in Japan.

“There is still deleveraging going on. The name of the game is monetary stimulus, but this is causing asset inflation, rather than goods inflation or increased employment. We are beginning to see signs of frothiness in global markets again, while equity prices are high and price [to] earnings ratios [a measurement of equity values] above historical averages,”


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

Roubini : I am all in favour of less Risk

“I’m all in favour of less risk, and some elements of Islamic finance involve profit-sharing and risk-spreading, which is good. There are many things in Islamic finance that can lead to more stability. There is a lot Islamic finance can teach us,”


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

Roubini : The Halal Economy is a Real Opportunity

“The halal economy is a real opportunity, but it needs to be more standardised and integrated into global markets,”

Nouriel Roubini

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 Prospect for Emerging Economies is still positive

“The prospect for emerging economies is still positive, with 5 per cent growth averages compared with 1 [to] 2 per cent over [the] past few years in the rest of the world. There are demographic dividends with young workforces, and the rise of more affluent middle classes. All this adds up to a long-term trend that is putting these countries at the centre of growth in the global economies,” - in muslimvillage.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 Warns Canada’s Housing Bubble about to Burst

‘Dr. Doom’ warns Canada’s housing bubble about to burst | Balance Sheet - Yahoo Finance Canada

    : It’s the doctor versus the governor in the ongoing debate over the direction of Canada’s housing market. On the pessimistic side there’s Nouriel Roubini, the man known as “Dr. Doom” for his pessimistic outlook on the global economy. He recently pinpointed Canada’s housing market as a bubble set to pop.
Canada is in the company of other housing markets that Roubini (known as one of the few to correctly predict the U.S. housing crash) says are showing

Roubini : There is a need for a more Resilient System

“There is a need for a more resilient system, and that’s where there is potential for the Islamic system. It is less volatile and potentially more stable than conventional financial systems. The advanced economies can learn from the Islamic system in this respect,” - in http://muslimvillage.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 : The Prospect for Emerging Economies is still Positive

Nouriel Roubini : “The prospect for emerging economies is still positive, with 5 per cent growth averages compared with 1 [to] 2 per cent over [the] past few years in the rest of the world. There are demographic dividends with young workforces, and the rise of more affluent middle classes. All this adds up to a long-term trend that is putting these countries at the centre of growth in the global economies,”


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

 

Roubini Global Economics - National Oil Companies Congress 2013

Nouriel Roubini , Founder and Chairman of Roubini Global Economics gives his keynote address on 'What is the outlook of the world economy and what are the implications for oil markets' at World National Oil Companies Congress 2013. His presentation is followed by an interview with Alexander Poegl, Senior Analyst and Consultant for JBC Energy

The annual World National Oil Companies Congress is where leaders of the world's NOCs meet each other and their partners to debate and decide the future of the oil and gas business.

Nouriel Roubini

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 : The Name of the Game is Monetary Stimulus

Nouriel Roubini : “There is still deleveraging going on. The name of the game is monetary stimulus, but this is causing asset inflation, rather than goods inflation or increased employment. We are beginning to see signs of frothiness in global markets again, while equity prices are high and price [to] earnings ratios [a measurement of equity values] above historical averages,”

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

Growth in Advanced Economies has been below Trend

“Until now, growth in advanced economies has been below trend, but there are some signs of acceleration. But you have to ask how strong is the recovery in advanced economies? Are there still structural problems there?”

 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

Nouriel Roubini Warns ~ Bubbles In Several Housing Markets

Now, five years later, signs of frothiness, if not outright bubbles, are reappearing in housing markets in Switzerland, Sweden, Norway, Finland, France, Germany, Canada, Australia, New Zealand, and, back for an encore, the UK (well, London). In emerging markets, bubbles are appearing in Hong Kong, Singapore, China, and Israel, and in major urban centers in Turkey, India, Indonesia, and Brazil.

Signs that home prices are entering bubble territory in these economies include fast-rising home prices, high and rising price-to-income ratios, and high levels of mortgage debt as a share of household debt. In most advanced economies, bubbles are being inflated by very low short- and long-term interest rates. Given anemic GDP growth, high unemployment, and low inflation, the wall of liquidity generated by conventional and unconventional monetary easing is driving up asset prices, starting with home prices. - Business Insider

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