Roubini : Rise Of The Machines US Economy

 Nouriel Roubini, Roubini's Edge

Last Friday night, I attended the Bloomberg BusinessWeek 85th Anniversary Dinner.

The party was held at the American Museum of Natural History, where Seth Meyers, the former Saturday Night Live star, hosted the evening beneath a massive, life-sized replica of a blue whale.

The party was packed with the usual collection of highly polished New York media and business types. (The entertainment highlight of the night for me was a charming duet by Lady Gaga and Tony Bennett.)

It was a great honor to be asked by Bloomberg and BusinessWeek to give an official toast during the event, along with my fellow toastmasters Henry Kissinger, Henry Kravis, and Melody Hobson. For my toast, I was asked to select the innovation that I thought created the most disruptive change during the last 85 years.

I decided to speak about the microchip—because the microchip may well replace the human race.

Yes, I’m being intentionally provocative here: but it isn’t just because of my nickname (“Dr. Doom”) that I’ve chosen to find the dark shadow in the silver lining of technical progress.

A few weeks ago, Stephen Hawking, the greatest astrophysicist of our time, gave a provocative speech of his own: Hawking suggested that humans should start thinking about colonizing other planets, because eventually artificial intelligence and robots will replace the human race.

It may sound crazy now—but what seems crazy today may not sound so crazy 25, 50, or 100 years from now.

Read more: http://www.roubinisedge.com/nouriel-unplugged/rise-of-the-machines-downfall-of-the-economy#ixzz3LgGJdzHx






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 forecasts a swiftly slowing China

From Yahoo:

Roubini Global Economics, a leading provider of independent, global macroeconomic research, forecasts China’s 2016 GDP growth at 5.4%—well below the current Bloomberg consensus projection of 6.7%.

“Our recent trip to China underscored the myriad challenges facing the Chinese economy, which is now in the midst of a marked slowdown. Efforts to reorient the economy toward domestic consumption are not occurring quickly enough and President Xi Jinping’s stance on the reform question is a matter of considerable speculation,” said Chairman Nouriel Roubini. “The next few quarters will tell us whether he will commit to making serious changes or opt to maintain the status quo.”
Read More @ http://www.macrobusiness.com.au/2014/12/roubini-forecasts-a-swiftly-slowing-china





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

Q&A with Roubini Managing Director Paul Domjan

Managing Director Paul Domjan gives us a recap of 2014 and discusses key themes for 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: Currency Wars coming, but don't bet on Gold

Roubini. “For now the Fed is not easing, and the dollar is strengthening,” he says. Gold is a hedge against inflation, but Roubini believes there are many assets now that are better and that can provide an income, like real estate, equities and credit. Gold can only provide capital gains. “Real rates are going to go higher so all of the main factors regarding gold indicate that gold will go down.” He says the rate will near $1000 per ounce by the end of 2015. It currently hovers at around $1200 per ounce.

 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 Russia & Emerging Markets in 2015

Nouriel Roubini, American economist (Английская версия)





 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 : not Bullish on US Equities for 2015

“Next year you might not want to be overweight in U.S. equities. There are other parts of the world that can do better. Japan with its easy yen,” for example. Roubini also warns to stay away from the Eurozone and China. “At this point, I would be neutral or underweight U.S. equities compared to other markets,” - in Yahoo Finance




 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're in an Asset Bubble and it won't pop until 2016

Roubini says, “Next year you might not want to be overweight in U.S. equities. There are other parts of the world that can do better. Japan with its easy yen,” for example. Roubini also warns to stay away from the Eurozone and China. “At this point, I would be neutral or underweight U.S. equities compared to other 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

Roubini to Yahoo Finance : Prepare for a Currency War

Are we heading towards a currency war?
Prepare for a currency war: 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

You can lead a horse to liquidity, but you can’t make it drink

You can lead a horse to liquidity, but you can’t make it drink. In a world where private aggregate demand is weak and unconventional monetary policy eventually becomes like pushing on a string, the case for slower fiscal consolidation and productive public infrastructure spending is compelling.

Such spending offers returns that are certainly higher than the low interest rates that most advanced economies face today, and infrastructure needs are massive in both advanced and emerging economies (with the exception of China, which has overinvested in infrastructure). Moreover, public investment works on both the demand and supply sides. It not only boosts aggregate demand directly; it also expands potential output by increasing the stock of productivity-boosting capital. - in project syndicate










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

Monetary Easing is not purely zero-sum

As fiscal austerity and asymmetric adjustment have taken their toll on economic performance, monetary policy has borne the burden of supporting faltering growth via weaker currencies and higher net exports. But the resulting currency wars are partly a zero-sum game: If one currency is weaker, another currency must be stronger; and if one country’s trade balance improves, another’s must worsen.

Of course, monetary easing is not purely zero-sum. Easing can boost growth by lifting asset prices (equities and housing), reducing private and public borrowing costs, and limiting the risk of a fall in actual and expected inflation. Given fiscal drag and private deleveraging, lack of sufficient monetary easing in recent years would have led to double and triple dip recession (as occurred, for example, in the eurozone). - in Project Syndicate

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 Currency Wars By Nouriel Roubini

NEW YORK – The recent decision by the Bank of Japan to increase the scope of its quantitative easing is a signal that another round of currency wars may be under way. The BOJ’s effort to weaken the yen is a beggar-thy-neighbor approach that is inducing policy reactions throughout Asia and around the world.

Central banks in China, South Korea, Taiwan, Singapore, and Thailand, fearful of losing competitiveness relative to Japan, are easing their own monetary policies – or will soon ease more. The European Central Bank and the central banks of Switzerland, Sweden, Norway, and a few Central European countries are likely to embrace quantitative easing or use other unconventional policies to prevent their currencies from appreciating.

All of this will lead to a strengthening of the US dollar, as growth in the United States is picking up and the Federal Reserve has signaled that it will begin raising interest rates next year. But, if global growth remains weak and the dollar becomes too strong, even the Fed may decide to raise interest rates later and more slowly to avoid excessive dollar appreciation.

The cause of the latest currency turmoil is clear: In an environment of private and public deleveraging from high debts, monetary policy has become the only available tool to boost demand and growth. Fiscal austerity has exacerbated the impact of deleveraging by exerting a direct and indirect drag on growth. Lower public spending reduces aggregate demand, while declining transfers and higher taxes reduce disposable income and thus private consumption.

In the eurozone, a sudden stop of capital flows to the periphery and the fiscal restraints imposed, with Germany’s backing, by the European Union, the International Monetary Fund, and the ECB have been a massive impediment to growth. In Japan, an excessively front-loaded consumption-tax increase killed the recovery achieved this year. In the US, a budget sequester and other tax and spending policies led to a sharp fiscal drag in 2012-2014. And in the United Kingdom, self-imposed fiscal consolidation weakened growth until this year.

Globally, the asymmetric adjustment of creditor and debtor economies has exacerbated this recessionary and deflationary spiral. Countries that were overspending, under-saving, and running current-account deficits have been forced by markets to spend less and save more. Not surprisingly, their trade deficits have been shrinking. But most countries that were over-saving and under-spending have not saved less and spent more; their current-account surpluses have been growing, aggravating the weakness of global demand and thus undermining growth.

Read more at http://www.project-syndicate.org/commentary/world-government-reliance-monetary-policy-by-nouriel-roubini-2014-12#WCAooWhpobAzOgUL.99




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: Fed May Tighten Early, Posing Risk of New Crisis

Economist Nouriel Roubini sees U.S. labor market improving faster than Fed expected but worries about untested macroprudential policies, and China slowdown.




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 Financial Literacy

Hear more from Nouriel Roubini and opt-in to read his latest free e-letter, Nouriel Unplugged,






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 India, China, Japan, Europe Economies

Nouriel Roubini, chairman of Roubini Global Economics LLC in New York, talks about the economies and policies of India, China, Japan and Europe. He speaks in Hong Kong with John Dawson on Bloomberg Television's "First Up." (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

Oil falls as OPEC tests US Shale Industry

Nouriel Roubini : Oil falls as OPEC tests US shale industry http://m.ft.com/cms/eda2b8a6-7645-11e4-a777-00144feabdc0.html?catid=3 … Saudi Arabia may also have geopolitical motives: hurt Russia and Iran - via 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: Risks for `Significant' Credit Bubble

Nouriel Roubini, chairman of Roubini Global Economics LLC and a professor at New York University's Stern School of Business, talks about Federal Reserve policy, the global economy and markets. Roubini speaks with Betty Liu and Josh Wright on Bloomberg Television's "In the Loop." (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

The combination of high Debt and rising inequality may be the source of the secular Stagnation

This combination of high debt and rising inequality may be the source of the secular stagnation that is making structural reforms more politically difficult to implement. If anything, the rise of nationalistic, populist, and nativist parties in Europe, North America, and Asia is leading to a backlash against free trade and labour migration, which could further weaken global growth. Rather than boosting credit to the real economy, unconventional monetary policies have mostly lifted the wealth of the very rich—the main beneficiaries of asset reflation. But now reflation may be creating asset-price bubbles, and the hope that macro-prudential policies will prevent them from bursting is so far just that—a leap of faith. - in PROJECT SYNDICATE

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 worried Republicans will take control of Congress

If the Republican Party takes full control of the US Congress in November’s mid-term election, policy gridlock is likely to worsen, risking a re-run of the damaging fiscal battles that led last year to a government shutdown and almost to a technical debt default. More broadly, the gridlock will prevent the passage of important structural reforms that the US needs to boost growth.


 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 Biography from Audiopedia

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 practising economist 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

Roubini 2015 Predictions

Economist Nouriel Roubini has some interesting views on the US economy, dollar, interest rates and gold for 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

Brazil Economy Outlook

Had policy/ business meetings in Sao Paulo. Who will be next Brazilian Finance Minister: Tombini, Barbosa, Meirelles, Levy, Trabuco, etc? - 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

This is Why Roubini is Bullish the US Dollar

What's going to happen is that these competitive QE wars that are proxies for currency wars are going to lead to the dollar strengthening further and further.



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 Global Economy is running on a single Engine

TOKYO – The global economy is like a jetliner that needs all of its engines operational to take off and steer clear of clouds and storms. Unfortunately, only one of its four engines is functioning properly: the Anglosphere (the United States and its close cousin, the United Kingdom).

The second engine – the eurozone – has now stalled after an anemic post-2008 restart. Indeed, Europe is one shock away from outright deflation and another bout of recession. Likewise, the third engine, Japan, is running out of fuel after a year of fiscal and monetary stimulus. And emerging markets (the fourth engine) are slowing sharply as decade-long global tailwinds – rapid Chinese growth, zero policy rates and quantitative easing by the US Federal Reserve, and a commodity super-cycle – become headwinds.

So the question is whether and for how long the global economy can remain aloft on a single engine. Weakness in the rest of the world implies a stronger dollar, which will invariably weaken US growth. The deeper the slowdown in other countries and the higher the dollar rises, the less the US will be able to decouple from the funk everywhere else, even if domestic demand seems robust.

Falling oil prices may provide cheaper energy for manufacturers and households, but they hurt energy exporters and their spending. And, while increased supply – particularly from North American shale resources – has put downward pressure on prices, so has weaker demand in the eurozone, Japan, China, and many emerging markets. Moreover, persistently low oil prices induce a fall in investment in new capacity, further undermining global demand.

Meanwhile, market volatility has grown, and a correction is still underway. Bad macro news can be good for markets, because a prompt policy response alone can boost asset prices. But recent bad macro news has been bad for markets, owing to the perception of policy inertia. Indeed, the European Central Bank is dithering about how much to expand its balance sheet with purchases of sovereign bonds, while the Bank of Japan only now decided to increase its rate of quantitative easing, given evidence that this year’s consumption-tax increase is impeding growth and that next year’s planned tax increase will weaken it further.

Read more at http://www.project-syndicate.org/commentary/us-growth-and-weakening-global-economy-by-nouriel-roubini-2014-10#fsMsu48FYKRt5dyp.99

 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 -- Technology & Our Changing World

Roubini's Edge - Technology & Our Changing World




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 -- Impact of Political Gridlock on Investing

Roubini's Edge - Impact of Political Gridlock on Investing



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 Golden Era That Boosted All Emerging Markets Is Over

Roubini's Edge - Opportunities in Emerging 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

Roubini on The Financial Literacy

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

EuroZone true Growth closer to 0.1% rather than the reported 0.2%

Nouriel Roubini : French Q3 0.3% growth all driven by inventories, to reverse in Q4. Final sales flat. Ie EZ true growth closer to 0.1% than the reported 0.2% - via 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: The Fed will hike Interest Rates in mid-2015

"That implies the Fed will start raising slightly later and slower than otherwise expected. It could be sometime in the middle of next year. It could be June, it could be July," Roubini said. "It depends what happens to the dollar and the rest of the world.""Even if growth, inflation and employment data are at the right level to start hiking, the Fed would like to wait a little bit longer just to make sure that if they start hiking, they're not going to have to abort and go back to zero, because otherwise they lose their credibility. There'll be a hard landing of the economy. So better be safe rather than sorry."





 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 Why Investing Globally Is Important

International diversification is key, says Nouriel, if you want to minimize your investment risk. It’s imperative for investors to put some of their money into foreign assets—and prudent too, because some global markets will do much better in the long run than the United States. Watch this timely video on how to boost your profits by looking beyond your own garden fence.

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 CNBC Video Interview Discussing The Fed

Nouriel Roubini: Dr. 'Realist' Insight into where the U.S. economy is headed, and whether he thinks the Fed will raise rates sometime next year. With Nouriel Roubini, Roubini Global Economics co-founder.





 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: Fed May Tighten Early, Posing Risk of New Crisis

Economist Nouriel Roubini sees U.S. labor market improving faster than Fed expected but worries about untested macroprudential policies, and China slowdown.



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

More than sanctions, markets will impose discipline on Putin

Nouriel Roubini : More than sanctions, markets will impose discipline on Putin as the rouble is now plunging. Power of bond/FX/equity markets vigilantes! - via 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

How long before Russia will impose capital controls

How long before Russia will impose capital controls to slow the free fall of the rouble rather than rapidly bleeding foreign reserves? - 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 Bloomberg TV Interview on India, China, Japan, Europe Economies

Nov. 6 (Bloomberg) -- Nouriel Roubini, chairman of Roubini Global Economics LLC in New York, talks about the economies and policies of India, China, Japan and Europe. He speaks in Hong Kong with John Dawson on Bloomberg Television's "First Up." (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

A Conversation with George Soros, Nouriel Roubini and Jeffrey Sachs СNN Earth Institute

 In 1956, Soros moved to New York City where he worked as an arbitrage trader for F. M. Mayer (1956–59) and as an analyst for Wertheim & Co. (1959–63). He planned to stay for five years, enough time to save $500,000, after which he intended to return to England to study philosophy.[24] During this period, Soros developed the theory of reflexivity based on the ideas of Karl Popper. Reflexivity posited that the valuation of any market produces a procyclical "virtuous or vicious" circle that further affects the market.[25]

Soros' experience from 1963 to 1973 as a vice-president at Arnhold and S. Bleichroeder resulted in little enthusiasm for the job and a desire to assert himself as an investor to make reflexivity profitable. In 1967, First Eagle Funds created an opportunity for Soros to run an offshore investment fund as well as the Double Eagle hedge fund in 1969.[25]

In 1970, Soros founded Soros Fund Management and became its chairman. Among those who held senior positions there at various times were Jim Rogers, Stanley Druckenmiller, Mark Schwartz, Keith Anderson, and Soros' two sons.[26][27][28]

In 1973, due to regulatory restrictions limiting his ability to run the funds, Soros resigned from his First Eagle funds. He then established the Quantum Fund.[25]

In August 2010, Soros acquired a 4 percent stake in the Bombay Stock Exchange (BSE) for about $35 million.[29]

Soros announced in July 2011 that he had returned funds from outside investors' money (valued at $1 billion) and instead invested funds from his $24.5 billion family fortune due to U.S. Securities and Exchange Commission disclosure rules.[30]

In 2013 the Quantum fund made $5.5 billion, making it again the most successful hedge fund in history. The fund has generated $40 billion since its inception in 1973.



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

Falling Oil Prices

Falling oil prices may provide cheaper energy for manufacturers and households, but they hurt energy exporters and their spending. And, while increased supply – particularly from North American shale

resources – has put downward pressure on prices, so has weaker demand in the eurozone, Japan, China, and many emerging markets. Moreover, persistently low oil prices induce a fall in investment in new capacity, further undermining global demand.
Read more at http://www.project-syndicate.org/commentary/us-growth-and-weakening-global-economy-by-nouriel-roubini-2014-10#CYYZgouh5m4qYVy6.99



 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 world economy is flying with only one engine | Nouriel Roubini

The pilots of the global financial system must navigate menacing storm clouds, and fights are breaking out among the passengers, writes Nouriel RoubiniThe global economy is like a jetliner that needs all of its engines operational to take off and steer clear of clouds and storms. Unfortunately, only one of its four engines is functioning properly: the Anglosphere (the United States and its close cousin, the United Kingdom).The second engine the eurozone has now stalled after an anaemic post-2008 restart. Indeed, Europe is one shock away from outright deflation and... Published By: Economics | The Guardian




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

Gold Bugs are hiding in their caves now

Nouriel Roubini : All those gold bugs who claimed that QE will lead to high inflation, $ collapse, gold surge and recession are hiding in their caves now - 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 : Fed QE policies have now led to stronger Dollar

Nouriel Roubini : Fed QE policies have now led to stronger dollar, stronger growth, lower inflation and collapsing gold prices. Gold bugs eating crow now - 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 : Gold Bugs Eating Crow now

Nouriel Roubini : Fed QE policies have now led to stronger dollar, stronger growth, lower inflation and collapsing gold prices. Gold bugs eating crow now 

All those gold bugs who claimed that QE will lead to high inflation, $ collapse, gold surge and recession are hiding in their caves now - 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

Bank of Japan surprised announcing top up QE

In Tokyo today for policy/business meetings. The BoJ just surprised announcing top up QE. Necessary action given downside 2 growth/inflation - via 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 : Outlook for Fed/FOMC, US economy, Eurozone, Japan and China

Nouriel Roubini Bloomberg TV interview : outlook for Fed/FOMC, US economy, Eurozone, Japan and China


Oct. 29 (Bloomberg) -- Nouriel Roubini, chairman of Roubini Global Economics LLC and a professor at New York University's Stern School of Business, talks about Federal Reserve policy, the global economy and markets. Roubini speaks with Betty Liu and Josh Wright on Bloomberg Television's "In the Loop." (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: Risks for `Significant' Credit Bubble

 Oct. 29 (Bloomberg) -- Nouriel Roubini, chairman of Roubini Global Economics LLC and a professor at New York University's Stern School of Business, talks about Federal Reserve policy, the global economy and markets. Roubini speaks with Betty Liu and Josh Wright on Bloomberg Television's "In the Loop." (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

Caribbean Countries Should coordinate Tax Incentives

Caribbean countries will have to look at coordinating tax incentives when attracting foreign

investment as a means of addressing issues of economic growth said Economic Professor Dr. Nouriel Roubini addressing finance officials of various Caribbean countries at a High Level Caribbean Forum organized by the International Monetary Fund (IMF). “The key thing is try to coordinate to make sure there is no kind of free riding. That might be easier said than done,” Dr. Roubini said. He explained that tax incentives might work for small islands seeking to attract some large scale investment. He noted though that the level of business from these investments must compensate for the incentives. “There is a significant amount of waste and inefficiency and even these countries that are energy imported, they can do much more in terms of reducing the inefficiency,” Dr. Roubini said. - See more at: http://www.winnfm.com/news/local/10260-caribbean-countries-cautioned-to-coordinate-tax-incentives#sthash.QzrqoME9.dpuf


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

Europe Remains the Weak Link in the Global Economy

Euro breakup risk has receded, but debt overhang continues to weigh on the economy; the euro is seen drifting lower.



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