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

Nouriel Roubini Speech at The Lugano Fund Forum Switzerland November 26th 2013

The Lugano Fund Forum (LFF) is the third edition of the most important event focused on Asset Management, Investment Tools (covered warrants, certificates, ETF, structured bonds, unit linked …) and Fundamental Analysis, organized in the Italian part of Switzerland (the Canton of Ticino). The forum will take place at the prestigious Palazzo dei Congressi, on the 25^th and the 26^th of November 2013, and will host a number of specialized conferences and an exhibition area. LFF represents a unique showcase to:

• Introduce the rich number of players (hedge funds, SICAV, asset managers …) based in the area to local and international financial institutions, and vice versa
• Provide updates about recent most innovative services/products for the AM sector
• Discuss main issues and opportunities in the sector with real experts

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 Optimistic about Dubai

“Dubai at the moment has good prospects. There has been a recovery in the real estate sector. The lifestyle here is less restrictive than in other countries in the region, and there is safety and security. In the longer term, Dubai can be an important financial centre and a key economy of the region. Sometimes you make mistakes, but if you manage growth more cautiously and manage diversification properly, I’m optimistic about Dubai,”


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 : There is a lot Islamic Finance can teach us

“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,” he says.

“I do not see Islamic finance competing with conventional finance, rather it is complementary to it. The main focus will be on the Islamic world, but others will also seek to get involved, like London.

“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,”
- in www.eat-halal.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

Nouriel Roubini

Roubini : Gold Price tumbles to lowest since July

 Gold price tumbles to lowest since July - 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

Housing Bubbles Worldwide : We are witnessing in many countries a slow-motion replay of the last housing-market train wreck

In countries where non-recourse loans allow borrowers to walk away from a mortgage when its value exceeds that of their home, the housing bust may lead to massive defaults and banking crises. In countries (for example, Sweden) where recourse loans allow seizure of household income to enforce payment of mortgage obligations, private consumption may plummet as debt payments (and eventually rising interest rates) crowd out discretionary spending. Either way, the result would be the same: recession and stagnation.
What we are witnessing in many countries looks like a slow-motion replay of the last housing-market train wreck. And, like last time, the bigger the bubbles become, the nastier the collision with reality will be.


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 : New Bubbles like 2008-09 Train Crash in Slow Motion

by Nouriel Roubini , December 02 2013, 07:37

IT IS widely agreed that a series of collapsing housing-market bubbles triggered the global financial crisis of 2008-09, along with the severe recession that followed. 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 centres in Turkey, India, Indonesia and Brazil.

Signs of home prices entering bubble territory include fast-rising home prices, high and rising price-to-income ratios, and high 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 anaemic economic growth, high unemployment and low inflation, the wall of liquidity generated by monetary easing is driving up asset prices, starting with homes.

The situation is more varied in emerging markets. Some with high per-capita income — such as Israel, Hong Kong, and Singapore — have low inflation and want to maintain low policy interest rates to prevent exchange-rate appreciation against major currencies. Others are characterised by high inflation.

Roubini : Indonesia could Grow faster than China and India

“Countries like India, Brazil, Turkey, South Africa and Ukraine [are also running deficits], but I would not put Indonesia in this group, even if Indonesia has some macro-financial fragility,” he said Saturday in his remarks delivered during the CEO Summit conference held as part of the APEC leaders meetings.“With the right economic reforms, the growth of Indonesia in the second half of this decade could even be higher than China and India,” Roubini predicted. - in The Jakarta Post



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

Housing Bubbles Worldwide : We are witnessing in many countries a slow-motion replay of the last housing-market train wreck

In countries where non-recourse loans allow borrowers to walk away from a mortgage when its value exceeds that of their home, the housing bust may lead to massive defaults and banking crises. In countries (for example, Sweden) where recourse loans allow seizure of household income to enforce payment of mortgage obligations, private consumption may plummet as debt payments (and eventually rising interest rates) crowd out discretionary spending. Either way, the result would be the same: recession and stagnation.

What we are witnessing in many countries looks like a slow-motion replay of the last housing-market train wreck. And, like last time, the bigger the bubbles become, the nastier the collision with reality will be.
- 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

Bond Yields Are Mispriced

Bond Yields Are Mispriced 

"Tapering of September Tapering. The Fed should not start tapering given mediocre GDP growth and labor market. Bond yields mispriced." - 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

Back to Housing Bubbles by Nouriel Roubini

NEW YORK – It is widely agreed that a series of collapsing housing-market bubbles triggered the global financial crisis of 2008-2009, along with the severe recession that followed. While the United States is the best-known case, a combination of lax regulation and supervision of banks and low policy interest rates fueled similar bubbles in the United Kingdom, Spain, Ireland, Iceland, and Dubai.

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.

The Housing Bubble(s) Not Bursting Any Time Soon

 ...the global economy’s new housing bubbles may not be about to burst just yet, because the forces feeding them – especially easy money and the need to hedge against inflation – are still fully operative. Moreover, many banking systems have bigger capital buffers than in the past, enabling them to absorb losses from a correction in home prices; and, in most countries, households’ equity in their homes is greater than it was in the US subprime mortgage bubble... - in Project-Syndicate.org


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

Outlook of the world economy - 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 is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini : U.S. Economy Growth Is Low, Inflation Is Low, Unemployment Is High

The economic activity is recovering very anemically. Growth is low, inflation is low, unemployment is high. That is the reason why we have zero policy rates, we have QE, credit easing.

 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 ‏: Dubai has Superb Infrastructure & Organization

Nouriel Roubini ‏: I just returned from Dubai that won the competition for Expo 2020. Well deserved choice as Dubai has superb infrastructure & organization- 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

Euro Marriage in Peril By NOURIEL ROUBINI

On the morning of July 26, 2012, I was meeting with the central bank governor of a country at the core, or stable center, of the euro zone. He was telling me that the European Central Bank could do little to rescue peripheral countries like Italy and Spain, whose interest rates were going through the roof.

 On that day, to the surprise of my interlocutor and global investors, the E.C.B. president, Mario Draghi, made his famous declaration that the bank was prepared to do “whatever it takes” to preserve the euro. That led to the creation of outright monetary transactions, known as O.M.T., and saved the euro zone.

Today the risks for the euro zone are much lower. Still, 2013 has been a volatile year. The crisis in Cyprus showed that the euro zone remains deeply divided over how to resolve the crisis in the periphery; inconclusive German elections created new uncertainties in the euro zone’s core; and the Italian government teetered on the verge of collapse more than once.

Nouriel Roubini Speech @ Lugano Fund Forum Switzerland 25 Nov 2013

 Nouriel Roubini Speech @ Lugano Fund Forum Switzerland 25 Nov 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

Nouriel Roubini: Outlook for Indonesian Economy in 2014 - November 11, 2013

New York University economist Nouriel Roubini gave a positive opinion on the Indonesian economy in 2014 , Roubini explained that there are 10 economic fundamentals that make give hope for Indonesia which will experience a better economy in 2014



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 : QE tapering to have positive impact on S. Korea

SEOUL, Nov. 4 (Xinhua) -- Future tapering of the U.S. quantitative easing (QE) would influence the South Korean economy positively, a New York University economics professor said Monday.
"QE tapering will be positive to Korea," Nouriel Roubini said in Seoul at a meeting with South Korean Finance Minister Hyun Oh- seok, noting that the QE tapering would mean a recovery of the U.S. economy, on which South Korea heavily depends for trade, according to the Finance Ministry.
Interest rate hikes in the U.S. would lead to strong U.S. dollar, having a positive impact on exports, which account for around half of the South Korean economy, said Roubini who served as a senior economist in the White House Council of Economic Advisers during the Clinton administration. He earned a nickname of "Dr. Doom" due to his consistently bearish economic views.
Roubini said that South Korea held positive position in terms of fiscal balance and sovereign debts, assessing that the April supplementary budget was appropriate and contributed to the country's recovery. 
 more @xinhuanet
 

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

U.S. Stock Market not in a Bubble Yet

In a Bloomberg interview, Roubini said central bank liquidity is not going to the economic recovery but into financial transactions “We are maybe not in bubble territory for the U.S. stock market, but if you look at housing around the world — Switzerland, Sweden, Norway, France, Germany, Israel, Brazil, Hong Kong, Singapore, China — we have frothiness if not outright bubbles in housing markets in many parts of the world,” he said. Also, the tech sector appears vulnerable with start-ups being overvalued based on forward revenue they haven’t even taken in yet. In addition, central bankers face a tough choice between killing off the recovery, or fueling growth at the risk of inflating the next financial crisis.

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 : U.S. Economy Growth Is Low, Inflation Is Low, Unemployment Is High

The economic activity is recovering very anemically. Growth is low, inflation is low, unemployment is high. That is the reason why we have zero policy rates, we have QE, credit easing.

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 Inflation

Economic Outlook Indonesia 2014 : 10 Steps to Accelerate Economic Growth By Nouriel Roubini

Roubini speech starts @ 01:03


10 Steps to Accelerating Economic Growth By Nouriel Roubini video, 10 Steps to Economic Growth Acceleration By Nouriel Roubini hd (member of Vibiz Media Network) Program: Vibiz Dialogue and Opinion by Vibiznews In this program, Nouriel Roubini serve the cause of slowing economic 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

Roubini ‏: In Bahrain Water more costly than Gasoline

Nouriel Roubini ‏: In Bahrain water more costly than gasoline. Gasoline subsidized. Water costly as imported or produced with energy intensive desalinization- 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 : Indonesia could Grow faster than China and India

“Countries like India, Brazil, Turkey, South Africa and Ukraine [are also running deficits], but I would not put Indonesia in this group, even if Indonesia has some macro-financial fragility,” he said Saturday in his remarks delivered during the CEO Summit conference held as part of the APEC leaders meetings.“With the right economic reforms, the growth of Indonesia in the second half of this decade could even be higher than China and India,” Roubini predicted. - in The Jakarta Post

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 : Probably The Tapering will start in January

 You mentioned that you wouldn’t rule out the tapering of US Federal Reserve stimulus taking place in December. But when do you think it will actually happen and what actually backs your conviction?

Nouriel Roubini : Well, my baseline is that probably the tapering will start in January. That is more probable than December, but the latest economic data on the United States suggests that job creation remained robust in October in spite of the government shutdown. Other economic indicators in the US suggest that growth is picking up.

I would not rule out that the Fed might decide to start the tapering in December. It’s not my baseline because January is more likely. But even if they were to start in December, they would try to sweeten this bitter pill, firstly, by changing their forward guidance by signaling that they’re going to keep a zero policy rate for longer than otherwise. Secondly, they’re also going to make sure that people know that tapering and continuation of tapering are state-contingent or data-dependent.

The market at this point is already banking on the tapering happening. So it’s not going to be much of a surprise as it was in May or June. Long-term interest rates have already gone from 1.6 percent to 2.7 percent, so upside surprises in the long-term interest rates are going be relatively modest, whether tapering starts in December or in January. - in The Jakarta Post

 

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