NOURIEL ROUBINI BLOG tracks the media appearances of Dr Nouriel Roubini his interviews articles debates books news speeches conferences blogs etc..Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
With his new book Crisis Economics, Dr. Doom world class economist Nouriel Roubini explains the methods he used to foresee the financial crisis before others saw it coming, and shows how those methods can help explain the present economic problems and prepare for a better future
Nouriel Roubini: "The US today is having a budget deficit of $0.5 trillion this year, that’s 11 percent of US GDP, that’s not very far from the 13 percent of Greece. And the US is much bigger than Greece."
Nassim Taleb discusses how short term equity market fluctuations reflect irrationality. Also discussed are the threats to our financial system that are still present and have yet to be addressed. The feeble actions that have been taken by Ben Bernanke, Larry Summers, and Tim Geithner have not resolved issues such as moral hazard, regulatory incompetence, and systemic risks that pose the threat of meltdown.
As part of his ongoing series of reports making sense of economic news, Paul Solman checks back in with two economists who remain pessimistic about the chances of an economic recovery to discuss recent market volatility and the possibility of a double dip recession.
NASSIM TALEB, author, "The Black Swan": Exactly. And my idea is twofold, number one, that rare events happen more often, and, two, that, when they happen, they're far more devastating than we can imagine. NOURIEL ROUBINI, NYU Stern School of Business: Many people had no equity in their homes. Essentially, they had zero down payments, and now prices are falling, so they have negative equity. There will be lots of delinquencies, a lot of foreclosures.
Jun. 15 2010 Discussing the chances of a double-dip, with Nouriel Roubini, RGEMonitor and NYU Stern School of Business professor. Roubini : our calculations put US GDP losses at $19.873 Billion
There is that risk, at least for the euro zone. Growth will fall towards zero. Even if that is perhaps not a real recession, it will feel like one. Greece was just the tip of the iceberg," "And the Americans too will run into the wall at some point if the carry on the way they are," Roubini said in the interview published in German by Swiss daily Tages-Anzeiger.
Nassim Taleb states that Larry Summers and the administration have put our economic stability more at risk since the credit crisis has began by adding more debt and leverage to the system.The black swan and the flash crash...
Marc Faber : well basically we have a financial crisis in Greece no doubt , the country is basically bankrupt and the EU will most likely have to bail it out and obviously that's favorable for Greece if they get bailed out temporarily but negative for the EU and so the Euro Dollar , The Euro was weak over the last couple of weeks , so that is basically what has happened , it is not that Greece produce the market sell-offs it was a trigger , a catalyst for the sell-off they were a lot of factors training to a correction to start with the market was over bought we were ahead over essentially economic fundamentals in emerging economies and around the world we're up more than a hundred percent from the March 2009 lows and in the US 80% , and very clearly the economic expansion particularly in the western world western Europe and the US , considering the huge fiscal stimulus and zero interest rate ......" "I think most western European governments with few exceptions and the US in the long run cannot pay their unfunded liabilities and therefore we will have more and more sovereign defaults in future but of course we live in the twenty first century and when we live in this century the governments they print money before they default and that will be the case in the EU and it will be the case in the US , so temporarily you can postpone the hour of truth" later on the other Dr Doom Nouriel Roubini asks Marc Faber some interesting questions aboutGreece and China bubble amongst other things Yesterday's historic sell-off sending shivers through an already fearful market, with Laurence Meyer, Macroeconomic Advisers and Marc Faber, The Gloom, Boom & Doom Report.
Nouriel Roubini interviewed by Ignazio Conte , Roubini will answer in English and he will start speaking at around 2:45 (hopefully the sound is loud enough !)
Nouriel Roubini predicts hit in the stocks and commodities markets , stocks will continue to fall and lose another 20% of their value as the world economy weakens Roubini predicts ....Investors may only be safe in cash and other safe heaven such as short term government bonds in countries that do not have a serious debt problem like Germany
Nouriel Roubini: In my view, the financial reform bill goes in the right direction in terms of what needs to be done, but it doesn't go far enough in a number of dimensions. My view is that if banks are too big to fail, using higher capital charges and an insolvency regime is not going to work. If they're too big to fail, they're just too big, and they should be broken up.
If they're too big to fail, they're also becoming too big to be saved, too big to be bailed out, and too big to be managed. No CEO can monitor the activities of thousands of separate profit and loss statements, and the activities of thousands of different bankers and traders. So that's one dimension. We must be capable of going beyond the Volcker Rule, which is essentially Glass-Steagall-Lite. We need to go all the way and implement the kind of restrictions between commercial banking and investment banking that existed under Glass-Steagall. Roubini interviewed by AlterNet
Nouriel Roubini is a professor of economics at New York University‘s Stern School of Business. He has extensive senior policy experience in the federal government, having served from 1998 to 2000 in the White House and the U.S. Treasury. He is the founder and chairman of RGE Monitor , an economic and financial consulting firm, regularly attends and presents his views at the World Economic Forum at Davos and other international forums, and is an adviser to cental bankers around the world. He is the author of Crisis Economics and Bailouts or Bail-Ins.
"There is that risk, at least for the euro zone. Growth will fall towards zero. Even if that is perhaps not a real recession, it will feel like one. Greece was just the tip of the iceberg," Roubini said recently in an interview with a Swiss journal "And the Americans too will run into the wall at some point if the carry on the way they are,"
Nouriel Roubini At the Festival Economia in Trento, Italy, showered doom upon the European audience. Your currency is going to parity he warned! Roubini also said that the only way Europe could save itself from certain catastrophe was to let the euro fall to below parity with the dollar , and the Euro Won't be Worth a Dollar..: ""The euro will be devalued. It 's a necessary and inevitable choice. Because in some cases, I think of Greece, we are very close to insolvency. The euro has reached 1.50 against the dollar. Now is a , 20. Equality - but also less, the ratio was 0.82 in 2002 - is an antidote to the risk of default, bankruptcy, from what has already happened in Argentina. " Source : innovatori.ning.com >>>> Nouriel Roubini is Professor of Economics and International Business at New York University, he is research associate at NBER and research fellow at CEPR. He is a member of the Bretton Woods Committee, of the Council on Foreign Relations Roundtable on the international economy and of the Academic Advisory Committee on Fiscal Affairs of the International Monetary Fund. He taught at Yale University. He has held various positions at the US Department of the Treasury and was Senior Economist for International Affairs at the White House Council of Economic Advisers. His research interests include international macroeconomics and finance, fiscal policy, political economy, growth theory and the European monetary system. He writes for numerous prestigious scientific journals including the Journal of International Economics and Journal of Restructuring Finance. He is co-author of Bailouts or Bail-Ins: Responding to Financial Crises in Emerging Markets, Peterson Institute (2004) and of La crisi non è finita, Feltrinelli (2010).
June 8 (Bloomberg) -- Arnab Das, head of global markets research at Roubini Global Economics, talks with Bloomberg's Deirdre Bolton about Spain's austerity measures and the need to bolster the nation's financial system. (Source: Bloomberg)
Nouriel Roubini At the Festival Economia in Trento, Italy, showered doom upon the European audience. Your currency is going to parity he warned! Roubini also said that the only way Europe could save itself from certain catastrophe was to let the euro fall to below parity with the dollar , and the Euro Won't be Worth a Dollar..: ""The euro will be devalued. It 's a necessary and inevitable choice. Because in some cases, I think of Greece, we are very close to insolvency. The euro has reached 1.50 against the dollar. Now is a , 20. Equality - but also less, the ratio was 0.82 in 2002 - is an antidote to the risk of default, bankruptcy, from what has already happened in Argentina. " Source : innovatori.ning.com >>>> Nouriel Roubini is Professor of Economics and International Business at New York University, he is research associate at NBER and research fellow at CEPR. He is a member of the Bretton Woods Committee, of the Council on Foreign Relations Roundtable on the international economy and of the Academic Advisory Committee on Fiscal Affairs of the International Monetary Fund. He taught at Yale University. He has held various positions at the US Department of the Treasury and was Senior Economist for International Affairs at the White House Council of Economic Advisers. His research interests include international macroeconomics and finance, fiscal policy, political economy, growth theory and the European monetary system. He writes for numerous prestigious scientific journals including the Journal of International Economics and Journal of Restructuring Finance. He is co-author of Bailouts or Bail-Ins: Responding to Financial Crises in Emerging Markets, Peterson Institute (2004) and of La crisi non è finita, Feltrinelli (2010).
Dr. Doom economist Nouriel Roubini announced over the weekend that the Euro would reach parity within 12 months, He said: “An orderly fall in the value of the euro is the only thing that is going to prevent a breakup of the monetary union. “If you want Greece, Spain, Portugal, Italy and Ireland to stay in the monetary union rather than exiting, the only way of restoring competitiveness is going to be having a weaker euro. ” Nouriel Roubini nicknamed Dr. Doom and lately Dr. Realist by CNBC , is a professor of economics at the Stern School of Business, New York University and chairman of RGE Roubini Global Economics, an economic consultancy firm . Prof. Nouriel Roubini A world-class economist who offers an unflinching look at the global meltdown and distinctive insights into its course going forward. His research on financial crisis in emerging economics has yielded a unique and now vindicated approach to future collapses. Roubini speaks on the global economic outlook and its implications for the financial markets. From his analysis of past collapses of emerging economies, he has identified common factors that support his predictions of crisis in the US and world markets. He has held several high-level advisory positions in the US government and international finance organisations, published numerous policy papers and books on key international macro-economic issues and is regularly cited as an authority in the media..Roubini speaks fluently English Italian Farsi Turkish and Hebrew . After receiving BA in political economics at Bocconi University in Milan northern Italy , and doctorate in international economics at Harvard University, he began academic research and policy making by teaching at Yale while also spending time at the International Monetary Fund (IMF), the Federal Reserve, World Bank, and Bank of Israel. Much of his early studies 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 is now Treasury Secretary.
Nouriel Roubini nicknamed Dr. Doom and lately Dr. Realist by CNBC , is a professor of economics at the Stern School of Business, New York University and chairman of RGE Roubini Global Economics, an economic consultancy firm . Prof. Nouriel Roubini A world-class economist who offers an unflinching look at the global meltdown and distinctive insights into its course going forward. His research on financial crisis in emerging economics has yielded a unique and now vindicated approach to future collapses. Roubini speaks on the global economic outlook and its implications for the financial markets. From his analysis of past collapses of emerging economies, he has identified common factors that support his predictions of crisis in the US and world markets. He has held several high-level advisory positions in the US government and international finance organisations, published numerous policy papers and books on key international macro-economic issues and is regularly cited as an authority in the media..Roubini speaks fluently English Italian Farsi Turkish and Hebrew . After receiving BA in political economics at Bocconi University in Milan northern Italy , and doctorate in international economics at Harvard University, he began academic research and policy making by teaching at Yale while also spending time at the International Monetary Fund (IMF), the Federal Reserve, World Bank, and Bank of Israel. Much of his early studies 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 is now Treasury Secretary.
NYU economist Nouriel Roubini argues that "too big to fail" bailouts of banking institutions should be followed-up by breaking these companies into smaller, more manageable divisions. Roubini argues that support for increasingly larger financial conglomerates may lead to banks that are "too big to bail out."
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In Crisis Economics: A Crash Course in the Future of Finance, Nouriel Roubini - renowned economist and professor of economics at NYU's Stern School of Business - reveals the methods he used to foretell the current financial crisis before other economists saw it coming and shows how those methods can help us make sense of the present and prepare for the future. - Sixth and I Historic Synagogue
Nouriel Roubini is the co-founder and chairman of Roubini Global Economics, an innovative economic and geostrategic information service and consultancy named one of the best economics websites by Business Week, 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 at the White House Council of Economic Advisors and then the Senior Advisor to the Under Secretary 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 over 70 theoretical empirical and policy papers on international macroeconomic issues and co-authored the books Political Cycles: Theory and Evidence (M.I.T. 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). Dr. Roubini's views on global economics 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 viewpoints.
Roubini: My friend Nassim Taleb popularized the concept of “Black Swans,” those economic and financial events that are sudden, unexpected and unpredictable. But if you look at financial crises through history – and the earliest is the Tulipmania in the Netherlands in the 17th Century – you see a pattern that is highly regular and predictable: An asset bubble – often in real estate or in stock markets or in a new industry – leads to financial euphoria, excessive risk taking, an accumulation of excessive debt and leverage. So the signposts of this phase — asset boom and bubble, followed by the eventual bust and crash — are highly predictable if one looks at the economic and financial indicators that show the build-up of such excesses. Thus, financial boom and bust are predictable white swan events, not unpredictable and random black swans. Financial crises have repeatedly occurred for hundreds of years and they follow quite regular pattern. That is why my book is about “crisis economics”, a phenomenon that is becoming more of a rule than an exception. Financial crises that should have occurred once in 100 years now occur more frequently and with greater virulence than in the past; and their economic, fiscal, financial and social costs are rising.
The trouble is that in the bubble phase nearly everyone, the exception being a few critical analysts, is swept in a delusional bubble mania of irrational euphoria: households, financial institutions, investors, governments, spinmeisters all of whom profit from the bubble, including Ponzi-schemers who concoct their houses of cards and financial con games. So, in each bubble there are cranks who argue that this time is different and that the bubble is driven by a fundamental brave new world of ever rising growth and profits. Then, when the boom and bubble turns into a bust and crash, a reality check occurs and financial depression sets in. read the full interview >>>>
Nouriel Roubini, one of the few economists to spot the sub-prime crisis coming, says in his new book, Crisis Economics (with Stephen Mihm, published by Allen Lane), that it is precisely because the downturn has been handled more deftly this time that the impetus for deep, structural reform has faltered. "Had policymakers failed to arrest the crisis, as they failed during the Depression, the calls for reform today would be deafening: there's nothing like ubiquitous breadlines and 25% unemployment to focus the minds of legislators." via www.guardian.co.uk
May 28, 2010 — Renowned economist Nouriel Roubini in an exclusive interview with the german trading television (DAF): "No over-regulation of the financial markets". His perspective: recession, double dip, economy, wall street, global markets, financial crisis. His conclusion is that "we must find the balance".
States facing high budget deficits require fiscal austerity, but structural reforms, market-oriented, because this could make a difference and could absorb short-term volatility, said Nouriel Roubini, professor of economics at the University New York Financial Forum 2010 today.
May 25, 2010 — In an interview with CNBC-TV18, Arnab Das, Managing Director (Market Research and Strategy) at Roubini Global Economics, spoke about concerns arising out of Spain and the road ahead for global markets.
May 24, 2010 —"Crisis Economics" author Dr. Nouriel Roubini on how he was able to see the signs of the financial crisis. "Crisis Economics" author Dr. Nouriel Roubini on the mounting government debt in part due to the bailouts.
May 25 (Bloomberg) -- Arnab Das, head of global markets research at Roubini Global Economics, talks with Bloomberg's Erik Schatzker about the European financial crisis and its impact on growth in the U.S. and China. Das also discusses the turmoil within Spain's banking system. (Source: Bloomberg)
Economist Nouriel Roubini on the Bill Maher from L.A. Doctor Doom says : the legendary investor Marc Fabercalls himself doctor doom gloom and boom so compared to him I am just doctor Doom , no apart from the joke I think the question is ...., it is not a question of being optimistic or pessimistic it's just being realistic about what happens and in some sense actually it is not much worse than I predicted , you know in 2006 when I predicted Home prices will fall 20% they fall 30% the home sales fell by 80% instead of the 50% I predicted so I was too optimistic not too pessimistic ...when there is a bubble everybody lives in a bubble... the consumers were living beyond their means ...most of the people are using their home as an ATM machine..
May 21 (Bloomberg) -- Arnab Das, head of global markets research at Roubini Global Economics, talks with Bloomberg's Andrea Catherwood about the European debt crisis. Das, speaking in London, also discusses U.S. financial regulation and the outlook for the euro.
NYU Stern school Professor Nouriel Roubini, who has earned the nickname Dr doom after accurately predicting the credit crunch, discusses with BBC radio broadcast whether Europe will ever recover from its economic crisis. "The crisis is not over," NYU economics professor Nouriel Roubini said in an interview with BBC radio broadcast last week. "What we're facing right now in the Eurozone is a second stage of a typical financial crisis." "There's a question mark whether we can be confident the government is going to be strong enough to do the fiscal austerity," Roubini said. click here to listen to the interview >>>
Steve Keen is an Associate Professor in economics and finance at the University of Western Sydney. He identifies as post-Keynesian, criticizing both modern neoclassical economics and (some of) Marxian economics as inconsistent, unscientific and empirically unsupported. The major influences on Keen's thinking about economics include Hyman Minsky, Piero Sraffa and Joseph Alois Schumpeter. His recent work mostly concentrates on mathematical modeling and simulation of financial instability.
Nouriel Roubini a reknowned economist ,professopr of economics at NYU school of Business , founder of RGE Roubini Global economics ,LLC , an economic analysis and consultancy firm , Roubini co-authored "bailouts or Bail-ins ?" and "Crisis Economics : a Crash Course in the Future of Finance"
May 14, 2010 — The NYU economics professor examines examples of previous financial problems in comparison to current difficulties facing Greece, the United States, and the rest of the world. This is a clip of a program that will appear on Book TV soon.
Nouriel Roubini : inflation can be a way of reducing the real value of public debt , but it is dangerouse because if it goes out of hand then it'll go higher it will lead to currency crash for there is collateral damage from using the inflation tax
May 18, 2010 — Bloomberg — May 18, 2010 — May 18 (Bloomberg) -- New York University professor Nouriel Roubini talks with Bloomberg's Margaret Brennan about Europe's debt crisis and the outlook for the sovereign relief package from the European Union. (This is an excerpt of the full interview.)
NEW YORK (TheStreet) -- Nouriel Roubini, author of Crisis Economics, says the European bailout plan may strengthen the European Union in the short run, but the plan will not work unless the member countries show resolve.
May 13 (Bloomberg) -- Nassim Taleb, a professor at New York University and author of "The Black Swan: The Impact of the Highly Improbable," talks with Bloomberg's Erik Schatzker about the May 6 stock market selloff and his investment strategy. Taleb also discusses the drivers for the financial crisis, the U.S. economy and the performance of Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben S. Bernanke. (Source: Bloomberg)
May 13 (Bloomberg) -- Nassim Taleb, a professor at New York University and author of "The Black Swan: The Impact of the Highly Improbable," talks with Bloomberg's Erik Schatzker about the May 6 stock market selloff and his investment strategy. Taleb also discusses the drivers for the financial crisis, the U.S. economy and the performance of Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben S. Bernanke. (Source: Bloomberg)
May 14, 2010 — NYU Economics Professor Nouriel Roubini Doctor Doom talks to ABC News Radio Correspondent Richard Davies on the future of the economy and financial system.