Italy: Recession Deepens

Italian spreads defrosting as Merkel supports Monti and ECB ready to intervene. But Italy's recession deepens. - in Twitter 

Related: 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.

Whether The Eurozone Is Viable Or Not Remains An Open Question

Whether the eurozone is viable or not remains an open question. But what if a breakup can only be postponed, not avoided? If so, delaying the inevitable would merely make the endgame worse – much worse. - in Project Syndicate

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 Only Thing That Can Lift Markets

The only thing that can lift markets is Fireman Ben's liquidity hose in Jackson Hole and expectations of more QE by Bank of England/ ECB/ Bank of Japan/ PBoC/ other Central Banks. - in Twitter

Related: iShares MSCI Emerging Markets ETF (EEM), SPDR Gold Trust ETF (GLD), SPDR SP 500 ETF (SPY), iShares MSCI Brazil Index ETF (EWZ), 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.

America`s Growth Will Be Below Trend At Best

The American economic recovery will remain, at best, below-trend for many years to come. - in Hercules Patch

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.

Republicans Eye Return To Gold Standard

Republicans eye return to gold standard and to another Great Depression as the gold standard contributed to the 1st one. - in Twitter

Related stocks and ETFs: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG)

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.

Is The Eurozone Viable?

Whether the eurozone is viable or not remains an open question. - 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.

Global Growth: Eurozone, UK, China, EMs And The US

Eurozone and UK deeper in recession, China's and other Emerging Markets growth stalling, US recovery faltering (regional ISM, Unemployment benefits, capex, fiscal cliff) - in Twitter

Related Instruments: iShares MSCI Emerging Markets (ETF) (EEM), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), 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.

In Or Out?

Europe should choose whether it wants Greece in or out. - 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.

We Have To Reduce Our Budget Deficit

Unfortunately, the U.S. political system is in a gridlock. And the reality is that we have to reduce our budget deficit, and the way to do it is going to be a combination of reforming Social Security and Medicare on one side, but also gradually increasing the tax burden because right now it's very low, especially on those who can pay.

And while we have to do fiscal austerity, if we do too much of it, next year or in the next couple of years, the risk, like in the eurozone, is that we end up into another recession because austerity, however necessary, in the short run has a negative effect on economic growth." - in Money News 

Related: SPDR SP 500 ETF (NYSE:SPY), iShares MSCI Emerging Markets (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.

The Underlying Economic Forces Are Partially Independent Of Policy Choices

The underlying economic forces are partially independent of policy choices. I don’t think that if [John] McCain had been elected, the economy would be any better than it is today. Maybe even worse. And therefore, I think that once you have a crisis, once you have too much debt or once you have painful deleveraging, that cost of deleveraging has to occur over a period of many years, and economic policy is not going to make much of a difference. - in CRF Blog 

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 Radical Plan For Spain

Rajoy must enact a radical plan for Spain. - in Twitter 

Related: 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.

Empire State & Philly Fed Surveys Remain Depressed

Empire State and Philly Fed surveys remain depressed bucking the better signals from industrial production. Q3 improvement may be head fake. - from Nouriel`s personal 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.

Is The Eurozone Viable?

Whether the eurozone is viable or not remains an open question. But what if a breakup can only be postponed, not avoided? If so, delaying the inevitable would merely make the endgame worse – much worse. - in Social Europe Journal 

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.

Eurozone: Betting The House To Save The Garage

Of course, a breakup now would be very costly, requiring an international debt conference to restructure the periphery’s debts and the core’s claims. But breaking up earlier could allow the survival of the single market and of the EU. A futile attempt to avoid a breakup for a year or two – after wasting trillions of euros in additional official financing by the core – would mean a disorderly end, including the destruction of the single market, owing to the introduction of protectionist policies on a massive scale. So, if a breakup is unavoidable, delaying it implies much higher costs.

But politics in the eurozone does not permit consideration of an early breakup...Only time will tell whether betting the house to save the garage was the right move. - in Business Insider 

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 Olympics Were An Economic Failure

The Olympics are an economic failure as London is totally empty: hotels, restaurants, streets. They scared all off with crowd excess warnings.

By scaring everyone to stay out of London with warnings about too many people coming here it turns that London is totally empty, a zombie city. - in Huffington Post

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.

When I Arrive In A Country, I Ask The Cab Driver How The Economy Is Doing

When I arrive in a country, the first thing I do is ask the cab driver how the economy is doing or what he thinks about their government. When I’m in the hotel, I ask the same questions, or I walk around and go to the local shopping center. You know, I try to get a sense. And when I’m in a country I also try to talk to people who are not necessarily purely the elite.

I think it’s true that the 1 Percent or the elite are living in a world of, maybe, excessive privilege, and they don’t fully realize how much pain and suffering, how much anxiety exists out there. I think there are lots of things that we have to figure out to make sure that we don’t have a social and political backlash. - in Business Insider 

Related: iShares MSCI Emerging Markets ETF (EEM), iShares MSCI Brazil Index ETF (EWZ), iShares FTSE/Xinhua China 25 Index (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.

My Typical Day

I travel about two-thirds to three-quarters of my time, mostly abroad. When I travel I meet, first, clients of RGE. Second, prospects and people who may be interested in our work. Wherever I go, I tend to talk to policymakers in that particular country. I find time to think, to read, to write. I meet people in the financial and business sector. I talk with other intellectuals and economists. I do media wherever I go.

Starting with a business breakfast or a business lunch or business dinner, I work nonstop. And often when I come back to the hotel, I have hundreds of e-mails to go through, and I write reports...you name it.

But you know, I also try to make time to see friends. I love the visual and the performing arts, so museums, galleries, theater, music. I’m in touch all the time with my team wherever I am. We have a team in New York, in London, and in New Delhi. We have a 24/7 operation. - in Business Insider

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.

Greece: Grexit By 2013

Draconian Troika program for Greece ensures deepening depression that will trigger Grexit by 2013. This government will collapse next year. - in 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.

The Gravity Of Weaker Growth

The gravity of weaker growth will most likely overcome the levitational effect on equity prices from more quantitative easing, particularly given that equity valuations today are not as depressed as they were in 2009 or 2010. - in Newsmax.com

Related: 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.

New QE Will Not Boost Spending

The U.S. Federal Reserve will carry out more quantitative easing this year, but it will be ineffective; long-term interest rates are already too low, and lowering them further would not boost spending. - in The Examiner.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.