There’s this vicious circle with the deficit that doing austerity makes the recession worse. Without growth, the socio-political backlash will become overwhelming for some governments. - in CNBC
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.
Mar 31, 2012
Mar 30, 2012
Middle East: Tensions Are Rising
Even short of a military confrontation, the war of words is going up and the covert war is going up. These tensions are going to rise. The entire Middle East is a source of tensions that are geopolitical for the global economy. - in CNBC
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.
Mar 28, 2012
Brazil: Structural Reforms Needed
Brazil growth only 3 percent this year (year-on-year) but rising from 2 percent in H1 to 4 percent (potential) in H2. Structural reforms needed.
(Source: Roubini`s Official Twitter)
Related, iShares MSCI Brazil Index ETF (EWZ)
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 Brazil Index ETF (EWZ)
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.
Mar 27, 2012
Okun`s Law
Bernanke's take on Okun's Law is same I gave: over-firing in crisis led now to over-hiring. But if growth remains low, job growth will slow. - in Nouriel`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.
Mar 24, 2012
Gold Standard Systems: Bernanke Got It Totally Right
Bernanke got it totally right "Fed`s Bernanke: Gold standard systems didn`t work before, won`t work now" - in Twitter
Related, SPDR Gold Trust ETF (GLD)
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 Gold Trust ETF (GLD)
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.
Mar 23, 2012
Fedex (FDX) Is A Bellwether Of Global Growth
Fedex is a bellwether of global growth: "FedEx Pares Global GDP Outlook as Slowdown Damps Profit Forecast"- Bloomberg
(Source: Roubini`s Official Twitter)
Related, Fedex (FDX), SPDR S&P 500 Index ETF (SPY)
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, Fedex (FDX), SPDR S&P 500 Index ETF (SPY)
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.
Mar 21, 2012
China Risks A Hard Landing Unless...
In my speech at the CDF in Beijing I argued that China risks a hard landing unless it implements rapidly reforms that increase consumption. - in Nouriel`s Official Twitter
Related, iShares FTSE/Xinhua China 25 Index ETF (FXI)
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 FTSE/Xinhua China 25 Index ETF (FXI)
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.
Mar 16, 2012
The Next Few Weeks Could Bring A Reduction In Geopolitical Tensions
The next few weeks could bring a reduction in tensions, as the US, France, Germany, the United Kingdom, China, and Russia go through another round of attempts to prevent Iran from developing nuclear weapons or the capacity to produce them. But if this attempt fails, as is likely, one cannot rule out that, by summer, Israel and the US agree that, sooner rather than later, force will have be used to stop Iran. - in Economonitor
Related, United States Oil Fund ETF (USO)
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, United States Oil Fund ETF (USO)
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.
Mar 15, 2012
The Risk Of A Spike In Oil Prices
No risk is more serious than that posed by a further spike in oil prices.
The reason is fear. Not only are oil supplies plentiful, but demand in the US and Europe has been lower, owing to decreasing car use in the last few years and weak or negative GDP growth in the US and the eurozone. Simply put, increasing worry about a military conflict between Israel and Iran has created a “fear premium.”
If the drums of war (between Iran and the U.S.-Israel alliance) grow louder this summer, oil prices could rise in a way that will most likely cause a US and global growth slowdown, and even an outright recession if a military conflict erupts and sends oil prices soaring.
Oil is already well above $100/barrel, despite weak economic growth in advanced countries and many emerging markets. The fear premium might push prices significantly higher, even if no military conflict ultimately takes place, and could trigger a global recession if one does. - in Business Insider
Related, United States Oil fund ETF (USO), Exxon Mobil (XOM), Crude Oil Futures, Transocean (RIG), ConocoPhillips (COP)
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 reason is fear. Not only are oil supplies plentiful, but demand in the US and Europe has been lower, owing to decreasing car use in the last few years and weak or negative GDP growth in the US and the eurozone. Simply put, increasing worry about a military conflict between Israel and Iran has created a “fear premium.”
If the drums of war (between Iran and the U.S.-Israel alliance) grow louder this summer, oil prices could rise in a way that will most likely cause a US and global growth slowdown, and even an outright recession if a military conflict erupts and sends oil prices soaring.
Oil is already well above $100/barrel, despite weak economic growth in advanced countries and many emerging markets. The fear premium might push prices significantly higher, even if no military conflict ultimately takes place, and could trigger a global recession if one does. - in Business Insider
Related, United States Oil fund ETF (USO), Exxon Mobil (XOM), Crude Oil Futures, Transocean (RIG), ConocoPhillips (COP)
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.
Mar 14, 2012
If Iran Exports Go To Zero, Oil Could Go To 200 USD
If there's an effect on the supply of oil and gas from the Gulf, and production and exports from Iran go for a while to zero, oil could go to $170, $180, $200 a barrel. - in Foreign Policy magazine
Related, United States Oil Fund (USO), Energy Select Sector SPDR ETF (XLE), Exxon Mobil (XOM), Marathon Oil (MRO), ConocoPhillips (COP), Transocean (RIG)
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, United States Oil Fund (USO), Energy Select Sector SPDR ETF (XLE), Exxon Mobil (XOM), Marathon Oil (MRO), ConocoPhillips (COP), Transocean (RIG)
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.
Mar 13, 2012
Portugal Will Be Next to Default, Greece to Leave Euro
Greece will be the first country to exit the eurozone, not this year but maybe later next year, but in order to restore growth, competitiveness and external balance they need the real depreciation.
In terms of debt restructuring after Greece, I think Portugal is the more likely that is going to require a debt restructuring and maybe eventually an exit like Greece. - in CNBC
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.
In terms of debt restructuring after Greece, I think Portugal is the more likely that is going to require a debt restructuring and maybe eventually an exit like Greece. - in CNBC
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.
Mar 12, 2012
3 Temporary Factors Impacting Growth
Merrill Lynch (says), recent good economic data depends on 3 factors: weather, delay in foreclosure process and lagged impact of lower gasoline prices.
Those 3 positive factors are temporary as weather effect on jobs will fade out in spring, foreclosures will increase and oil price is rising. - Source: Nouriel`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.
Those 3 positive factors are temporary as weather effect on jobs will fade out in spring, foreclosures will increase and oil price is rising. - Source: Nouriel`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.
Mar 7, 2012
The Biggest Risk For The Global Economy Right Now
Biggest tail risk to the global economy now is a military conflict between Israel and Iran that sharply spikes oil prices. - in Nouriel`s Twitter
Related, United States Oil Fund ETF (USO), iPath S&P GSCI Crude Oil Total Return(OIL), Crude Oil Futures
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, United States Oil Fund ETF (USO), iPath S&P GSCI Crude Oil Total Return(OIL), Crude Oil Futures
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.
Oil Price Spike Could Push World Economy Into Stagflation
Excerpt from BBC blog -- "Nouriel Roubini thinks the oil price spike out of the Arab revolts could push the world economy into stagflation. There is also the risk that currency war breaks out into open trade war." - in NYU Stern website
Related, United States Oil Fund (USO)
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, United States Oil Fund (USO)
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.
Mar 6, 2012
Chinese Growth
China's new official growth forecast for 2012 - 7.5 percent - matches RGE's below consensus forecast of 7.4 percent. We'll update ours based on data flow. - in Nouriel`s Official Twitter
Related, iShares FTSE/Xinhua China 25 Index ETF (FXI)
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 FTSE/Xinhua China 25 Index ETF (FXI)
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.
Mar 3, 2012
US Economic Data Round Up
Consumption flat, ISM down, construction spending down, durable goods order/capex down. Apart from better initial claims US growth is slower. - in 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.
Mar 1, 2012
Q1 U.S. Growth Can Be Very Weak
Real consumption spending has been flat for 3 months now including January while capex spending fell. So Q1 U.S. growth could be very weak. - in Nouriel`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.
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