Most problems facing the global economy are not temporary or random. - in Forbes.com
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Jan 23, 2012
Jan 22, 2012
Tail Risks In The Global Economy
Last year was a year of risk, volatility, uncertainty and surprises and the question is, ‘Are they going to happen again?’
If you think about all these tail risks about the global economy, the reality is many of them are not temporary. Many of them are not transitory and many of them are not random events. They’re going to be sources of volatility. - in Bloomberg
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
If you think about all these tail risks about the global economy, the reality is many of them are not temporary. Many of them are not transitory and many of them are not random events. They’re going to be sources of volatility. - in Bloomberg
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Jan 21, 2012
Emerging Markets In Much Better Shape Than Most Advanced Economies
Mexico doing well: low debt, low deficit, low inflation, good growth. Emerging markets in much better shape than most advanced economies.
(Source: Roubini`s Offical Twitter page)
Related, iShares MSCI Mexico Index ETF (EWW), iShares MSCI Emerging Markets Index ETF (EEM)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
(Source: Roubini`s Offical Twitter page)
Related, iShares MSCI Mexico Index ETF (EWW), iShares MSCI Emerging Markets Index ETF (EEM)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Jan 20, 2012
Net Exports Will Be A Drag On Growth In 2012
Given anemic growth in domestic demand, America’s only chance to move closer to its potential growth rate would be to reduce its large trade deficit. But net exports will be a drag on growth in 2012.
(Source: Economonitor)
Related, iShares Russell 2000 Index ETF (IWM)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
(Source: Economonitor)
Related, iShares Russell 2000 Index ETF (IWM)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Jan 19, 2012
Mexico: Faster Growth Depends On Structural Reforms
Mexico growth will be moderate in 2012 (3 percent) and below trend given external risks. Faster potential and actual growth depends on structural reforms.
(Source: Roubini`s Official Twitter)
Related ETFs, iShares MSCI Mexico ETF (EWW)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
(Source: Roubini`s Official Twitter)
Related ETFs, iShares MSCI Mexico ETF (EWW)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Jan 18, 2012
How Europe Can Possibly Grow Its Way Out Of The Debt Crisis?
The underlying picture of economic weakness that has not only worsened but has spread to the core economies raises the question of how Europe can possibly grow its way out of the debt crisis. - in Roubini Global Economics
Related, Eurostoxx 50 Index, Dax Index, Cac 40 Index
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Related, Eurostoxx 50 Index, Dax Index, Cac 40 Index
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Jan 17, 2012
US Job Growth Is Still Too Mediocre
US job growth is still too mediocre to make a dent in the overall unemployment rate and on labour income. The US needs to create at least 150,000 jobs per month on a consistent basis just to stabilise the unemployment rate. More than 40 per cent of the unemployed are now long-term unemployed, which reduces their chances of ever regaining a decent job. - in The Straits of America
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Jan 16, 2012
What Will The Federal Reserve Do?
Given the bearish outlook for US economic growth, the Fed can be expected to engage in another round of quantitative easing. But the Fed also faces political constraints, and will do too little, and move too late, to help the economy significantly.
Moreover, a vocal minority on the Fed’s rate-setting Federal Open Market Committee is against further easing. In any case, monetary policy cannot address only liquidity problems – and banks are flush with excess reserves. - in Project Syndicate
Related, Bank Of America (BAC), JP Morgan (JPM), Wells Fargo (WFC), Citigroup (C)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Moreover, a vocal minority on the Fed’s rate-setting Federal Open Market Committee is against further easing. In any case, monetary policy cannot address only liquidity problems – and banks are flush with excess reserves. - in Project Syndicate
Related, Bank Of America (BAC), JP Morgan (JPM), Wells Fargo (WFC), Citigroup (C)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Jan 15, 2012
The Housing Market Is Comatose
Even after six years of a housing recession, the sector is comatose. With demand for new homes having fallen by 80 percent relative to the peak, the downward price adjustment is likely to continue in 2012 as the supply of new and existing homes continues to exceed demand. - in Project Syndicate
Related, Lennar (LEN), KB Homes (KBH), D.R. Horton (DHI), Toll Brothers (TOL), Masco (MAS)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Related, Lennar (LEN), KB Homes (KBH), D.R. Horton (DHI), Toll Brothers (TOL), Masco (MAS)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Jan 14, 2012
US Economy: The Recent Bounce In Investment Spending Will End
The recent bounce in investment spending (and housing) will end, with bleak prospects for 2012, as tax benefits expire, firms wait out so-called “tail risks” (low-probability, high-impact events), and insufficient final demand holds down capacity-utilization rates. And most capital spending will continue to be devoted to labor-saving technologies, again implying limited job creation. - in Economonitor
Related, Materials Select Sector SPDR (XLB), Energy Select Sector SPDR ETF (XLE)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Related, Materials Select Sector SPDR (XLB), Energy Select Sector SPDR ETF (XLE)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Jan 13, 2012
US Economic Outlook
Macroeconomic indicators for the United States have been better than expected for the last few months. Job creation has picked up. Indicators for manufacturing and services have improved moderately. Even the housing industry has shown some signs of life. And consumption growth has been relatively resilient.
But, despite the favorable data, US economic growth will remain weak and below trend throughout 2012. Why is all the recent economic good news not to be believed?
First, US consumers remain income-challenged, wealth-challenged, and debt-constrained. Disposable income has been growing modestly – despite real-wage stagnation – mostly as a result of tax cuts and transfer payments. This is not sustainable: eventually, transfer payments will have to be reduced and taxes raised to reduce the fiscal deficit. Recent consumption data are already weakening relative to a couple of months ago, marked by holiday retail sales that were merely passable.
At the same time, US job growth is still too mediocre to make a dent in the overall unemployment rate and on labor income. The US needs to create at least 150,000 jobs per month on a consistent basis just to stabilize the unemployment rate. More than 40 percent of the unemployed are now long-term unemployed, which reduces their chances of ever regaining a decent job. Indeed, firms are still trying to find ways to slash labor costs. - in Economonitor
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
But, despite the favorable data, US economic growth will remain weak and below trend throughout 2012. Why is all the recent economic good news not to be believed?
First, US consumers remain income-challenged, wealth-challenged, and debt-constrained. Disposable income has been growing modestly – despite real-wage stagnation – mostly as a result of tax cuts and transfer payments. This is not sustainable: eventually, transfer payments will have to be reduced and taxes raised to reduce the fiscal deficit. Recent consumption data are already weakening relative to a couple of months ago, marked by holiday retail sales that were merely passable.
At the same time, US job growth is still too mediocre to make a dent in the overall unemployment rate and on labor income. The US needs to create at least 150,000 jobs per month on a consistent basis just to stabilize the unemployment rate. More than 40 percent of the unemployed are now long-term unemployed, which reduces their chances of ever regaining a decent job. Indeed, firms are still trying to find ways to slash labor costs. - in Economonitor
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Jan 11, 2012
Latest Video Interview: Eurozone Concerns
Video Interview, ET NOW.
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Jan 10, 2012
India: A Fascinating & Complex Country
Always a pleasure to visit India, a fascinating and complex country. Many important policy challenges while growth is showing some slowdown.
(Source: Roubini`s Official Twitter)
Related, WisdomTree India Earnings Fund ETF (EPI)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
(Source: Roubini`s Official Twitter)
Related, WisdomTree India Earnings Fund ETF (EPI)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Don’t Be Fooled by the U.S. Data
Don’t be fooled by the recent stronger U.S. economic data: The economy will weaken in 2012. - in RGE
Related, SPDR S&P 500 Index ETF (SPY), iShares MSCI Emerging Markets Index ETF (EEM)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Related, SPDR S&P 500 Index ETF (SPY), iShares MSCI Emerging Markets Index ETF (EEM)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Jan 6, 2012
Hungary`s Financing Gap
In 2012 Hungary may have a financing gap as large as 10 percent of GDP putting pressure on reserves and currency. (Source: Roubini`s Official Twitter)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Jan 5, 2012
Irish Economy ‘Double-Dipping' as Services Shrink
Ireland's economy is clearly double-dipping. - in Business Week
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
The Eurozone Has No Growth Strategy
New Eurozone fiscal compact will imply even more recessionary front-loaded fiscal austerity both in the PIIGS and core Eurozone. The EZ has no growth strategy.
(Source: Roubini`s Official Twitter)
Related, iShares MSCI Germany Index Fund ETF (EWG), iShares MSCI Spain Index ETF (EWP), iShares MSCI Italy Index ETF (EWI)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
(Source: Roubini`s Official Twitter)
Related, iShares MSCI Germany Index Fund ETF (EWG), iShares MSCI Spain Index ETF (EWP), iShares MSCI Italy Index ETF (EWI)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Jan 3, 2012
2012 Will Be A Bumpy Year For The Global Economy
2012 will be a bumpy year for the global economy: recession in Europe, anemic growth at best in the United States, and a sharp slowdown in China and in most emerging-market economies. To paraphrase Bette Davis in All About Eve, “Fasten your seatbelts!” - in Economy Watch
Related, SPDR S&P 500 Index ETF (SPY), iShares MSCI Emerging Markets Index ETF (EEM)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Related, SPDR S&P 500 Index ETF (SPY), iShares MSCI Emerging Markets Index ETF (EEM)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Jan 2, 2012
Fiscal Stimulus & The Positive Multiplier Effect
10 out of 11 empirical/econometric models of the 2008-2010 US fiscal stimulus show a significant positive multiplier effect on GDP and jobs.
(Source: Nouriel Roubini`s Official Twitter)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
(Source: Nouriel Roubini`s Official Twitter)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Jan 1, 2012
The Euro Zone Needs A Real Depreciation In The Periphery
The euro zone needs a real depreciation in the periphery to achieve the restoration of growth, external balance and competitiveness. The periphery needs to have the euro closer to parity with the US dollar.” - at the Ambrosetti Workshop on the shores of Lake Como, Italy
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Dec 29, 2011
Gold Futures Fell For A 6th Straight Session
Gold futures fell for a sixth straight session, the longest slump since March 2009, with a 1.5 percent drop to $1,540.90.
(Source: Roubini`s Official Twitter)
Related ETFs and stocks, SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
(Source: Roubini`s Official Twitter)
Related ETFs and stocks, SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
A Perfect Storm
By 2013 at the latest, but possibly already in 2012, a perfect storm of a double-dip recession in the US, a disorderly scenario in the Eurozone and a hard landing in China could materialize. - in advisor.ca
Related, iShares MSCI Emerging Markets Index ETF (EEM), iShares FTSE/Xinhua China 25 Index ETF (FXI), iShares MSCI Germany Index Fund ETF (EWG)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Related, iShares MSCI Emerging Markets Index ETF (EEM), iShares FTSE/Xinhua China 25 Index ETF (FXI), iShares MSCI Germany Index Fund ETF (EWG)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Dec 28, 2011
An Eurozone Recession Is Certain (Depth And Length Cannot Be Predicted)
'At this point, an eurozone recession is certain (...) while its depth and length cannot be predicted, a continued credit crunch, sovereign debt problems, lack of competitiveness, and fiscal austerity imply a severe downturn.' - excerpt from Roubini`s outlook for next year titled Fragile and unbalanced in 2012
Related, iShares MSCI Germany Index Fund ETF (EWG), iShares MSCI Italy Index ETF (EWI), iShares MSCI Spain Index ETF (EWP)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Related, iShares MSCI Germany Index Fund ETF (EWG), iShares MSCI Italy Index ETF (EWI), iShares MSCI Spain Index ETF (EWP)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Dec 27, 2011
US Home Prices Still Falling. Expect More Of The Same In 2012.
US home prices still falling as supply (including foreclosures) exceeds demand. Expect more of same in 2012 with millions more households underwater.
(Source: Nouriel`s Official Twitter)
Related, DR Horton (DHI), KB Home (KBH), Lennar Corp (LEN), Toll Brothers (TOL)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
(Source: Nouriel`s Official Twitter)
Related, DR Horton (DHI), KB Home (KBH), Lennar Corp (LEN), Toll Brothers (TOL)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Dec 24, 2011
Durable Goods Orders Are Weak
Excluding the volatile military and aircraft components durable goods fell 1.2 percent, the worst since January.
(Source: Roubini`s Official Twitter)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
(Source: Roubini`s Official Twitter)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
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