Charlie Rose - Nouriel Roubini

Nouriel Roubini discuses what Americans can expect to see over the next few months due to the financial crisis.

Nassim Taleb on Ben Bernanke, the Fed and QE2

Nassim Taleb tears into Ben Bernanke's monetary policy, specifically the Federal Reserve's recently announced round of Quantitative Easing known as QE2. Among other charges, Taleb claims Bernanke has a highly flawed understanding of risk.

Interview with Charles Tapiero and Nassim Taleb

Interview with Charles Tapiero and Nassim Taleb

Roubini on European debt crisis

The Big Interview: Nouriel Roubini, professor of economics at Stern School, speaks on a wide range of issues including the European crisis, the role of the IMF, capital flows, QE2 in US and future of gold.

10 Questions for Nassim Taleb

The Black Swan author's latest, The Bed of Procrustes, is a book of aphorisms. Nassim Taleb will now take your questions.

In the Eurozone The robust backstopping of the financial systems by the governments has made them near-insolvent

Nouriel Roubini :"...Well, my fear has been that unfortunately in the case of the eurozone and a number of insolvent or nearly insolvent countries in it, their problems may just not be of liquidity but also the amounts of debt in the private sector and the banks.

The robust backstopping of the financial systems by the governments has made them near-insolvent . So, provision of liquidity might not be sufficient. At some point down, there might be coercive restructuring of public debt of countries like Greece and Ireland.

And unfortunately, problems are now spreading to Portugal, possibly Spain and other parts of the eurozone. There is also problem of competitiveness. And now, restoring of not only large stocks of public debt but also private liabilities owned by organisations. ..." in http://economictimes.indiatimes.com

Roubini : China will have more challenges than India As far as sustaining growth is concerned

Nouriel Roubini :"As far as sustaining growth is concerned, China will have more challenges than India. Their economy is characterised by dependence on the US as the consumer of first and last resort, a mode of growth that has been challenged today" via www.thehindubusinessline.com

Roubini : Only solution for Greece is to leave the eurozone

Greek Reporter - 09.12.2010

Nouriel Roubini, professor of economics at the New York University and consultant at the US Congress estimated that the only solution for the restoration of the Greek economy is the devaluation of its currency, which means leaving the euro zone and going back to the drachma. However, he explained that this is not feasible since it presupposes withdrawal from the EU, and pointed out that in such an eventuality, the devaluation of the currency would rise to 50%..
The famous economist, considered that no matter how the budget harmonisation in Greece will be correctly made, the country will not solve the huge state debt problem.
Read More

Nouriel Roubini : L Shape stagnation

Nouriel Roubini :"...Well, in the case of Eurozone, five economies, three are still contracting, Spain, Greece and Ireland, two of them Portugal and Italy, are barely growing. So, it is not even a question of double dip they never got out of the first dip.

It is more like the shape of an L of stagnation like in the case of Japan in the longer term unless they solve their own problems. So the risk of double dip and continuation of recession is highest in the periphery of the eurozone. .... "

Nouriel Roubini agrees with Jim Rogers on the Crisis

Nouriel Roubini, economist of Business, New York University

Nouriel Roubini (born 29 March 1959 ) is an Iranian_American professor of economics at New York University's Stern School of Business and chairman of Roubini Global Economics, an economic consultancy firm.

After receiving a BA in political economics at Bocconi University, Milan, Italy and a doctorate in international economics at Harvard University, Cambridge, Massachusetts, 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
He is currently a U.S. citizen and speaks English, Persian, Italian, and Hebrew. He lives in Manhattan, has never married.

Europe's Peripheral Problems

Nov. 29 2010 | 11:00 AM ET
"Some problems are just too big to solve with tons of money," Arnab Das, managing director of Market Research and Strategy at Roubini Global Economics told CNBC on the Irish debt crisis.

Roubini : I prefer to be called Dr Realist

Nouriel Roubini :"....I don’t think I am Dr Doom. I prefer to be called Dr Realist . You should not be an optimist or pessimist but do a reasonable and realistic assessment of both upside and downside risks.
We are in a very complex global economy . There are some parts of the world that are doing very well including India and Asia. Advanced economies are currently weaker. So, we have to be sensible, objective and realistic about it....."

Nassim Taleb s Ten Principles (Sample)

Nassim Taleb's Discussing Some of His Ten Principles for a Black Swan Robust World

Roubini : Yuan appreciation in China's interest

"Today China is overheating, inflation is rising, there is excessive monetary growth, excessive credit growth, beginning of asset bubbles,"
"One of the ways which China can control this risk is to allow a faster rate of appreciation of the currency," , said Professor Nouriel Roubini, who teaches at New York University known in financial circles as Dr. Doom for being amongst the few economic commentators who forecast the global crisis in 2006.
in www.businessweek.com

Nassim Taleb - Fooled by Randomness and Black Swans

Alec Hogg talks to Nassim Taleb prior to his last visit to South Africa

Nouriel Roubini : India must keep inflation under control

In an exclusive interview with NDTV, noted global economist Nouriel Roubini who had predicted commodity bubbles way before it happened, about the big challenges to India's economic growth. He said the management of inflation and capital inflows is important along with sound corporate governance.

Nassim Taleb : Black Swan Wisdom

Dec. 2 2010 | Nassim Taleb, known worldwide for his book "The Black Swan," discusses his new book, "The Bed of Procrustes," and more with CNBC.

Nassim Taleb - What is a Black Swan ?

Nassim Taleb - What is a Black Swan ?
Complete video at: http://fora.tv/2008/02/04/Future_Has_...

Author Nassim Nicholas Taleb discusses the central theme of his bestselling book, "The Black Swan: The Impact of the Highly Improbable."

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The Future Has Always Been Crazier Than We Thought with Nassim Nicholas Taleb.

Author Nassim Nicholas Taleb discusses his book, The Black Swan in relation to predicting the future, learning from the consequences of the unknown, and the power of randomness.

Nassim Nicholas Taleb is an essayist, belletrist, and researcher only interested in one single topic, chance (particularly extreme and rare events, the "Black Swans" i.e. outliers); but it falls at the intersection of philosophy/epistemology (skepticism; knowledge about the dynamics of history; inferential claims), philosophy/ethics (stoicism facing random events; theories of nonhedonic happiness), mathematical sciences (probability theory, statistical physics), social science/finance (opacity & incomplete information in economics), and cognitive science (the mental biases making us "fooled" by randomness). He mainly derives his intuitions from a 2-decade long and intense practice of derivatives trading ("nondull" activities with plenty of randomness).

Taleb is currently a researcher at London Business School. He the Dean’s Professor in the Sciences of Uncertainty University of Massachusetts at Amherst, Fellow in Mathematics in Finance, Adjunct Professor of Mathematics at the Courant Institute of Mathematical Sciences of New York University (since 1999), and research fellow, Wharton School Financial Institutions Center, and Chairman, Empirica LLC.

Taleb held senior trading positions with trading houses in New York and London and operated as a floor trader before founding Empirica LLC. His degrees include an MBA from the Wharton School and a Ph.D. from the University of Paris. He is the author of Dynamic Hedging, Fooled by Randomness, and The Black Swan.

Roubini : Spain is the big elephant in the room

Portugal will also likely to need a bailout , but Spain is the "big elephant in the room" in the euro debt crisis said Nouriel Roubini, the New York University professor and co-founder and chairman of Roubini Global Economics At a conference yesterday in Prague, "There is not enough official money to bail out Spain if trouble occurs," Mr. Roubini said, as reported by Bloomberg News.

Nouriel Roubini : Portugal likely to need bailout

Portugal is increasingly likely to need an international bailout after Ireland , Re-known economist Nouriel Roubini told on Monday 29 November the Portuguese daily Diario Economico. "....If things get out of control as appears to happen in Portugal must do everything up now to improve the situation, "says Dr. Nouriel Roubini aka Dr. Doom .".....It is becoming increasingly likely. On the one hand, there are differences between Ireland and Spain which have a huge housing bubble burst and the enormous loss of their financial systems, especially Ireland. In Portugal, basically, the problems are not as severe as those of Greece, but are very similar to those of Greece, in that they were driven by fiscal policy lapses and problems in the private sector that forced the state to intervene through nationalizations .What is common to all peripheral European countries - Greece, Ireland, Spain, Portugal and Italy - are huge deficits, huge amounts of debt, loss of competitiveness that started ten years ago or more, when these countries have lost market export to other countries with cheaper products in China, in emerging markets in Asia, Central Europe, Turkey ... And then the sharp appreciation of the euro between 2002 and 2008. Now, not only is the deficit and debt to accumulate, but also a series of problems and bad deals in the private sector, with huge deficits in their accounts. They all lost competitiveness...." he added
via http://economico.sapo.pt/noticias/vao-agora-ao-fmi-pecam-o-dinheiro-agora_105580.html

Nassim Taleb - La Ciudad de las Ideas 2009

The "La Ciudad de las Ideas 2009 Re-Evolution" Festival witnessed a very exciting event, where great theologists, philosophers and thinkers debated over the eternal conflict between science and religion, reason with faith and Darwin vs The Bible. The opinions and views expressed are strong, we recommend open-mindedness for its enjoyment.

Debaters: Sam Harris, Christopher Hitchens, Daniel Dennett (new atheists) vs. Shmuley Boteach, Dinesh D'Souza, Nassim Taleb (theists), and Robert Wright (neutral).

Nassim Taleb : The Fed Doesnt Understand Risks of Quantitative Easing

"Black Swan" author Nassim Taleb appeared on Bloomberg Television's "Inside Track" this morning to talk about QE2. Taleb compared U.S. central bank policy makers to the managers of Long-Term Capital Management LP, the hedge fund that failed in 1998.

World Business Forum 2010

The opening video of the seventh edition of the World Business Forum in Milan (with Al Gore, Paul Krugman, Nassim Taleb, Francis Fukuyama, Don Tapscott, Renée Mauborgne, Ram Charan, Dave Ulrich, Mario Moretti Polegato, Francesco Casoli)

RGE Ziemba on China Suplus, Yuan

Roubini's Ziemba on China Suplus, Yuan

Bill Maher interviews Nouriel Roubini 21st May 2010

Real Time, May 21, 2010 ( Nouriel Roubini )

Roubini : QE2 is a necessary evil

In an interview with Reuters on Nov 23 Nouriel Roubini professor of economics at the Stern School of Business, New York University said that he expect to see the Eurozone eventually shrinking to fewer members regarding the Quantitative Easing in the US Roubini says : my view it is a necessary evil because growth is well below potential , inflation is low and falling , the tail risk of deflation and double dip was sharp in the summer and one of the reasons that that tail risk was somehow reduced is because Ben Bernanke pre announced QE2 in August already and since then stock market went up government bond yields went down ....etc...

Click Here to Watch The Interview >>>>

Roubini : US remains on an unsustainable fiscal course

"The risk ... is that something on the fiscal side will snap ... The trigger could be a debt rollover crisis in a major US state government," "The worst of the coming fiscal train wreck will be prevented by the Fed's easing. But the risk is (Obama) ... will then preside over ... a Japanese style stagnation, where growth is barely positive, and deflationary pressures and high unemployment linger." Roubini wrote in a commentary for the Financial Times

Time to Nationalize US Banking System

Nassim Taleb: Time to Nationalize US Banking System?

Complete video at: http://fora.tv/2009/01/27/Nassim_Tale...

The Black Swan author Nassim Nicholas Taleb argues that banks should be regarded as performing a function similar to that of utility companies, and should be separated from riskier investment vehicles such as hedge funds. "Banks cannot be entrusted with risk taking," he says.

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Author Nassim Taleb and Nobel Laureate Daniel Kahneman discuss the intricacies of the financial crisis and its far-reaching influence.

Looking forward, they offer proposals to remedy the situation and prevent it from ever recurring.

Nassim Nicholas Taleb is an essayist, belletrist, and researcher only interested in one single topic, chance (particularly extreme and rare events, the "Black Swans" i.e. outliers); but it falls at the intersection of philosophy/epistemology, philosophy/ethics, mathematical sciences, social science/finance, and cognitive science. Taleb is currently a researcher at London Business School. He the Deans Professor in the Sciences of Uncertainty University of Massachusetts at Amherst, Fellow in Mathematics in Finance, Adjunct Professor of Mathematics at the Courant Institute of Mathematical Sciences of New York University (since 1999), and research fellow, Wharton School Financial Institutions Center, and Chairman, Empirica LLC. Taleb held senior trading positions with trading houses in New York and London and operated as a floor trader before founding Empirica LLC. His degrees include an MBA from the Wharton School and a Ph.D. from the University of Paris. He is the author of Dynamic Hedging, Fooled by Randomness, and The Black Swan.

Bond Vigilantes And The US Government Bonds.

Nouriel Roubini : "The bond vigilantes have not woken up for the US treasury market—yet."

November, 2010

Roubini : Global Tensions Getting Worse

Nov. 12 2010 | Nouriel Roubini talked to CNBC about the mulit-speed recovery and why he thinks global tensions are getting worse.

Nouriel Roubini on The Economic Data

Dissecting Economic Data

Nov. 19 2010 | Insight on the economic data, with Nouriel Roubini, Roubini Global Economics, and Ian Bremmer, Eurasia Group, and CNBC's Rick Santelli.

Roubini : Spain too big to fail and too big to be bailed out

Nouriel Roubini : "You can try to ring fence Spain. And you can essentially try to provide financing officially to Ireland, Portugal, and Greece for three years. Leave them out of the market. Maybe restructure their debt down the line...But if Spain falls off the cliff, there is not enough official money in this envelope of European resources to bail out Spain. Spain is too big to fail on one side—and also too big to be bailed out."
"The next one in line is going to be Portugal. Due to the severity of Portuguese debt problems, Portugal is going to lose market access—and that means they are going to require IMF support as well."
"Now you have a bunch of super sovereigns— the IMF, the EU, the eurozone—bailing-out these sovereigns...There's not going to be anyone coming from Mars or the moon to bail-out the IMF or the Eurozone." Roubini said recently in a CNBC interview

Roubini on The Currency Wars and China

Nov. 19 2010 | Fed chief Bernanke scolding China and others in his Frankfurt speech saying currency manipulation is hurting the global recovery, with Jim Rickards, Omnis; Ian Bremmer, Eurasia Group; and Nouriel Roubini, Roubini Global Economics.

Rick Santelli and Nouriel Roubini Discuss our Current Global Economic Problems

Roubini, Bremmer on Crisis Economics

Nov. 19 2010 | Discussing whether the second round of quantitative easing will be the catalyst for another round of crisis economics around the world, with Nouriel Roubini, Roubini Global Economics, and Ian Bremmer, Eurasia Group.

Nassim Taleb on Anti-Fragility

Nassim Taleb describes Antifragility for the Economist

Roubini on Gold Prices

Nouriel Roubini : “I believe that gold is going to trade around current levels,” “There are two extreme events that lead to a spike in gold. One is inflation, but we have no inflation in advanced economies. If anything, there is a risk of deflation.” “The other event in which gold prices go up is the risk of a global financial meltdown, and that tail risk has been reduced because we backstopped the financial system,”

Roubini : U-shaped recovery in the advanced economies

Nouriel Roubini : “My base scenario is that we will have a slow, U-shaped recovery in the advanced economies, but still there is a probability of a double-dip recession, or near depression, as in Japan in the 1990s,” “The recovery in advanced economies is still very tentative.” “If growth is only 1%, it is going to feel like recession, though technically it will not be a recession,” “You don’t create private jobs, the budget deficit widens, house prices go down instead of stabilising.”

Roubini : Africa lucrative market for funds

COPENHAGEN: Fund managers should consider African markets such as Ghana, Kenya, Nigeria and Tanzania rather than chasing crowded emerging market trades elsewhere, economist Nouriel Roubini said.

“It (Africa) is risky because there is less liquidity and the governance is not ideal. But in comparison to 10 years ago when there was civil strife and unstable governments, many things have improved,” Roubini said. Roubini, professor of economics and international business at the Stern School of Business in New York, is best known for forecasting the credit crunch.
read more >>>>

Nouriel Roubini on Europe, QE2 and China

Nouriel Roubini on Europe, Quantitative Easing 2 & China


"The ECB should provide more financial liquidity in the financial system," Nouriel Roubini, co-founder & chairman of RGE Monitor told CNBC.

Nouriel Roubini at The Russia Forum 2010-02-04

The Russia Forum 2010-02-04 Currencies: Finding New Balance

Troika Dialog - the conference sponsor has kindly granted me a written permission to publish this video.
For more information about The Russia Forum and original (full version) video please visit: http://2010.therussiaforum.com/news/n...

Nassim Taleb on Ben Bernanke, the Fed and QE2

Nov. 12 (Bloomberg) -- You gotta watch this. Nassim Taleb, New York University professor and author of "The Black Swan: The Impact of the Highly Improbable," discusses the Federal Reserve's decision to initiate another round of quantitative easing. Taleb, speaking with Erik Schatzker on Bloomberg Television's "Inside Track," also talks about his new book "The Bed of Procrustes: Philosophical and Practical Aphorisms."

Roubini: Position of ECB not Productive

Nov. 12 2010 | "The ECB should provide more financial liquidity in the financial system," Nouriel Roubini, co-founder & chairman of RGE Monitor told CNBC.

Roubini : on why Gold Standard Wont Work

"A fixed exchange regime, even if it is not a gold standard… that world just doesn't work. Because in that world, monetary policy by definition instead of being countercyclical becomes procyclical," "Suppose you have a fixed exchange rate regime...it just exacerbates the business cycle." Roubini said in an interview with NetNet yesterday

Nouriel Roubini on Argentina Economy

Roubini on the challenges facing Argentina's Economy

for the finance guru Nouriel Roubini ,the current dollar domestic inflation reduces the competitiveness, but a devaluation would create more inflation...

Nouriel Roubini on The subprime mortgage Crisis

NOURIEL ROUBINI:".... Unfortunately, I think we're going to have a very severe recession. It's going to last at least 18 months through the middle of next year. And this financial crisis is not going to be over anytime soon.


And the problems are not just problems of housing. Housing has not yet bottomed out. Home prices are going to fall for another 15 percent for a cumulative fall of 40 percent.


The problem was not just subprime mortgage. It was subprime mortgages, near-prime mortgages, prime mortgages, credit cards, auto loans, student loans, commercial real estate, muni bonds, leverage loans that finance deals that should have never occurred, and even a fat tail of the corporate system as a huge amount of junk bond debt is borderline unprofitable and is going to get in trouble.


We have the biggest housing and asset bubble and credit bubble in U.S. history. Now it's going to burst, and many institutions, households, home-builders, financial institutions, and corporations are going to go bust..."
Nouriel Roubini interviewed by PBS Newshour

One dip or two?

On this episode of Counting the Cost, we look at the threat of a double-dip recession, Pakistani cricket and the world of sports betting.

When The Economy Will Collapse - 2010

Nouriel Roubini talks about the world economic outlook for rest of 2010. Validation of all of our news stories that lie to us and tell us that everything is getting better. All it will take is a major power like Greece, Italy, Spain, or Japan to fall and it will send a ripple effect around the world. These countries could be the spark! Scary! And you thought it was bad now! Time to prepare!

Nassim Taleb: Risk & Regulation

Nassim Nicholas Taleb, author, "The Black Swan," and NYU professor, discusses who was at fault for the financial crisis, the idea that regulation doesn't work, and why debt is a bad thing. This is part 2 of the presentation which includes a question and answer session at the end

Inside Job : Rampant Conflicts of Interest, Cronyism Led to 2008 Crisis, Charles Ferguson Says

In his new documentary Inside Job, filmmaker Charles Ferguson spoke to some of the biggest names from Wall Street to Washington to academia to get a first hand account of what caused the 2008 financial meltdown and how the financial system reach its breaking point.