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.