Video: Roubini Says Japan Quake 'Worst Thing' at Worst Time
March 11 (Bloomberg) -- Nouriel Roubini, founder of Roubini Global Economics, discusses the earthquake in Japan and the European debt crisis. He talks with Maryam Nemazee on Bloomberg Television's "The Pulse." (Source: Bloomberg)
Roubini Media Appearances and Comments on The Economy And Market Developments - A Tracking Blog
Mar 11, 2011
Mar 9, 2011
If Oil Goes Up Another 15 to 20 Percent...
"If oil goes up another 15 to 20 percent [from the current prices], there's a risk to the US, the Eurozone, Japan." - www.arabianbusiness.com
Mar 8, 2011
With Oil At 140 USD, Advanced Economies Will Start To Double Dip
The oil price going up to where it was in the summer of 2008, at $140 a barrel, at that point some of the advanced economies will start to double dip. In the U.S., where growth is accelerating fast, a 15 to 20 percent increase in oil prices, there won’t be double dip but growth reaching a stalled speed again. - in Bloomberg
Related ETFs: SPDR Gold Trust (ETF) (NYSE:GLD), United States Oil Fund LP (ETF) (NYSE:USO), iPath S&P GSCI Crude Oil Total Return (NYSE:OIL), SPDR S&P 500 ETF (NYSE:SPY), ProShares UltraShort S&P500 (ETF) (NYSE:SDS), iShares Russell 2000 Index (ETF) (NYSE:IWM), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQQ)
Related ETFs: SPDR Gold Trust (ETF) (NYSE:GLD), United States Oil Fund LP (ETF) (NYSE:USO), iPath S&P GSCI Crude Oil Total Return (NYSE:OIL), SPDR S&P 500 ETF (NYSE:SPY), ProShares UltraShort S&P500 (ETF) (NYSE:SDS), iShares Russell 2000 Index (ETF) (NYSE:IWM), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQQ)
Mar 4, 2011
European Debt Situation: Portugal & Spain
"I fear that Portugal is going to need an IMF and EU program … I think the biggest issue is going to be Spain, that is right now too big to fail but also too big to save." - in CNBC
Mar 3, 2011
Oil Could Rise To 150 Dollars A Barrel If Troubles Spread To Bahrain And Saudi Arabia
“If troubles spread to other countries such as Bahrain and Saudi Arabia, this could push oil prices up to 140 to 150 dollars per per barrel, which could trigger a double-dip recession in the periphery of Europe and the U.K.” - in a Paris conference
Related: Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (Public, NYSE:CVX), Halliburton Company (NYSE:HAL) , Schlumberger Limited. (NYSE:SLB), Repsol YPF, S.A. (ADR) (NYSE:REP), Murphy Oil Corporation (NYSE:MUR), ConocoPhillips (NYSE:COP), Marathon Oil Corporation (NYSE:MRO), Occidental Petroleum Corporation (NYSE:OXY) , Hess Corp. (NYSE:HES), Petroleo Brasileiro SA (ADR) (NYSE:PBR), United States Oil Fund LP (ETF) (NYSE:USO), iPath S&P GSCI Crude Oil Total Return (NYSE:OIL), Energy Select Sector SPDR (ETF) (NYSE:XLE)
Related: Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (Public, NYSE:CVX), Halliburton Company (NYSE:HAL) , Schlumberger Limited. (NYSE:SLB), Repsol YPF, S.A. (ADR) (NYSE:REP), Murphy Oil Corporation (NYSE:MUR), ConocoPhillips (NYSE:COP), Marathon Oil Corporation (NYSE:MRO), Occidental Petroleum Corporation (NYSE:OXY) , Hess Corp. (NYSE:HES), Petroleo Brasileiro SA (ADR) (NYSE:PBR), United States Oil Fund LP (ETF) (NYSE:USO), iPath S&P GSCI Crude Oil Total Return (NYSE:OIL), Energy Select Sector SPDR (ETF) (NYSE:XLE)
Mar 2, 2011
The Muni Bond Market Outlook
"The municipal bond market has generated tremendous debate in the past months, with Cassandras predicting another “subprime” disaster, while apologists (often with vested interests) claim there is little justification for these warnings. We take an unbiased, detailed look at history beyond the halcyon largely default-free post-war era, and an honest assessment of state and local finances, present and future. Our base case sees close to US$100 billion of defaults over five years, but typical 80% recoveries are far higher than on corporate bonds." - in RGE
Feb 28, 2011
The Rise Of Protectionism
"Conflicts over trade liberalisation have recently pitted the United States, the European Union, Brazil, China, India, and other emerging economies against one another as each government looks to protect its own workers and industries, often at the expense of outsiders. Officials in many European countries have complained that Ireland's corporate tax rate is too low and last year pushed the Irish government to accept a bailout it needed but did not want. German voters are grousing about the need to bail out poorer European countries, and the citizens of southern European nations are attacking their governments' unwillingness to continue spending beyond their means." in www.cpifinancial.net
Related: iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), iShares MSCI Brazil Index (ETF) (NYSE:EWZ), SPDR S&P 500 ETF (NYSE:SPY)
Related: iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), iShares MSCI Brazil Index (ETF) (NYSE:EWZ), SPDR S&P 500 ETF (NYSE:SPY)
Feb 24, 2011
Oil Price Shocks Have Led To Recessions Before
"Oil price shocks have led to US recessions in 1974-75, 1980, 1990, 2001 and 2008-2009. 3 of these were caused by Mid East political shocks" - in Twitter
Feb 23, 2011
Oil Was Rising Even Before The Recent Political Shocks In The Middle East
"Even before the recent political shocks in the Middle East, oil prices had increased above 90 dollars a barrel, driven not only by the fundamentals of a global economic recovery but also by non-fundamental factors:
- a wall of liquidity chasing assets and commodities in emerging markets amid near-zero policy rates and quantitative easing in advanced economies;
- momentum and herding behaviour (as in 2007-08);
- and limited and inelastic supply of new oil capacity"
in The Globe And Mail
Related: United States Oil Fund LP (ETF) (NYSE:USO), iPath S&P GSCI Crude Oil Total Return (NYSE:OIL), Energy Select Sector SPDR (ETF) (Public, NYSE:XLE), Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), Halliburton Company (NYSE:HAL), Schlumberger Limited. (NYSE:SLB), Repsol YPF, S.A. (ADR) (NYSE:REP)
- a wall of liquidity chasing assets and commodities in emerging markets amid near-zero policy rates and quantitative easing in advanced economies;
- momentum and herding behaviour (as in 2007-08);
- and limited and inelastic supply of new oil capacity"
in The Globe And Mail
Related: United States Oil Fund LP (ETF) (NYSE:USO), iPath S&P GSCI Crude Oil Total Return (NYSE:OIL), Energy Select Sector SPDR (ETF) (Public, NYSE:XLE), Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), Halliburton Company (NYSE:HAL), Schlumberger Limited. (NYSE:SLB), Repsol YPF, S.A. (ADR) (NYSE:REP)
Feb 22, 2011
Libya, Oil Prices And Stagflation Risks
"Gaddafi's regime is collapsing, Mid East revolutions spreading and oil prices are sharply up again. Stagflationary risks are rising" - in Twitter
Related ETFs: SPDR Gold Trust (ETF) (NYSE:GLD), iShares Silver Trust (ETF) (NYSE:SLV), United States Oil Fund LP (ETF) (NYSE:USO), SPDR S&P 500 ETF (NYSE:SPY) , ProShares UltraShort S&P500 (ETF) (NYSE:SDS), iShares Russell 2000 Index (ETF) (NYSE:IWM) , SPDR Dow Jones Industrial Average ETF (NYSE:DIA), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQQ), ProShares UltraShort QQQ (ETF) (NYSE:QID)
Related ETFs: SPDR Gold Trust (ETF) (NYSE:GLD), iShares Silver Trust (ETF) (NYSE:SLV), United States Oil Fund LP (ETF) (NYSE:USO), SPDR S&P 500 ETF (NYSE:SPY) , ProShares UltraShort S&P500 (ETF) (NYSE:SDS), iShares Russell 2000 Index (ETF) (NYSE:IWM) , SPDR Dow Jones Industrial Average ETF (NYSE:DIA), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQQ), ProShares UltraShort QQQ (ETF) (NYSE:QID)
Feb 21, 2011
Middle East Political Turmoil And Oil Prices
"Even regional political turmoil that does not disrupt oil supplies directly can increase prices" - in seeking alpha
Feb 15, 2011
There Are A Significant Number Of Downside Risks
"Usually there is not a 1-to-1 relationship between the stock market and the economy. This year some things are going well. The economy is improving, emerging markets are doing well, the corporates are doing well so far. But there are a significant number of downside risks."
in CNBC.com
Related ETFs: iPath S&P 500 VIX Short-Term Futures ETN (NYSE:VXX), SPDR S&P 500 ETF (NYSE:SPY), ProShares UltraShort S&P500 (ETF) (NYSE:SDS), iShares Russell 2000 Index (ETF) (NYSE:IWM), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQQ), ProShares UltraShort QQQ (ETF) (NYSE:QID), Financial Select Sector SPDR (ETF) (NYSE:XLF), Direxion Daily Finan. Bear 3X Shs(ETF) (NYSE:FAZ)
in CNBC.com
Related ETFs: iPath S&P 500 VIX Short-Term Futures ETN (NYSE:VXX), SPDR S&P 500 ETF (NYSE:SPY), ProShares UltraShort S&P500 (ETF) (NYSE:SDS), iShares Russell 2000 Index (ETF) (NYSE:IWM), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQQ), ProShares UltraShort QQQ (ETF) (NYSE:QID), Financial Select Sector SPDR (ETF) (NYSE:XLF), Direxion Daily Finan. Bear 3X Shs(ETF) (NYSE:FAZ)
The Path Of Least Resistance Until After 2012 Are Going To Be Budget Deficits Above A Trillion Dollars
"Democrats are against reforming entitlements. The Republicans are against raising any taxes. The path of least resistance until after 2012 are going to be budget deficits above a trillion dollars." in CNBC.com
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