Hollande Was Not Elected To Pursue Austerity

Hollande was not elected by his base to pursue austerity and reforms, but rather to boost growth and hiring in the public sector. - 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.

Canadian Economy Outlook

Canadian economy to grow at at sluggish 1.7% rate this year and even lower next year. - in Twitter

Related ETFs: iShares MSCI Canada Index (ETF) (NYSE:EWC), CurrencyShares Canadian Dollar Trust (NYSE:FXC)

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.

Ineffective Governments With Weak Leadership Are At The Root Of The Problem

Ineffective governments with weak leadership are at the root of the problem. In democracies, repeated elections lead to short-term policy choices. - in NYU Stern

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.

Indonesia Should Be A Member Of The BRICs

As I wrote 2 years ago Indonesia deserves more than Russia to be a member of the BRICs. Stable democracy, strong growth, sound macro policy. - in Twitter

Related: Market Vectors Indonesia Index ETF (NYSEARCA:IDX) 

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.

Europe: The Train Wreck May Have Only Been Delayed

If output keeps on contracting, the “Plan A” of buying time for adjustment via large-scale provision of official financing — now mostly via the ECB — is bound to fail. - in RGE

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.

How Worried The Fed Is About US Growth And The Risks From The Fiscal Cliff

Kocherlakota converts from hawk to dove. It signal how worried the Fed is about US growth and the risks from the fiscal cliff. - 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.

Olympics Were A Net Negative For Business

Olympic Games were a net negative for business. - 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.

Eurozone PMI`s Are Back To Crisis Years

Eurozone PMI`s back to crisis years (2008-2009) levels. - 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.

Eurozone Recession Getting Worse

Eurozone recession is getting deeper and worse. - 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.

European Economic Outlook

Based on PMIs, Italy's recession is deepening, France is entering a contraction while Germany's sharp growth slowdown is modestly improving. - in Twitter 

Related:  iShares MSCI Italy Index ETF (EWI), ishares germany 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.

Avoidance Of Tough Fiscal Choices Until The Bond Vigilantes Eventually Wake Up

Given America's political polarization and policy gridlock, we can expect more fights on the budget and the debt ceiling, another rating downgrade, and no agreement on a path toward medium-term fiscal consolidation and sustainability - regardless of whether President Barack Obama is reelected in November.

On the contrary, we should expect agreement only on the path of least political resistance: Avoidance of tough fiscal choices until the bond vigilantes eventually wake up, spike long rates, and force fiscal adjustment on the political system. - in Today Online

Related ETFs: iShares Lehman 7-10 Year Treasuries Bond ETF (IEF), ProShares UltraShort 20+ Year Treasuries ETF (TBT) 

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.

Germany Has Outsourced The Bailouts To The ECB

Small wonder, then, that Germany, politically unable to vote on more bailout resources, has outsourced that job to the ECB, the only institution that can bypass democratically elected parliaments. But, again, liquidity provision alone – without policies to restore growth soon – would merely delay, not prevent, the breakup of the monetary union, ultimately taking down the economic/trade union and leading to the destruction of the single market. - in The Guardian

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.

Geopolitical Risks In The Middle East

The major global powers are still trying negotiations and sanctions to induce Iran to abandon its efforts to develop nuclear weapons. But Iran is playing for time and hoping to reach a zone of immunity.

By 2013, an Israel that – rightly or wrongly – perceives Iran’s nuclear program to be an existential threat, and/or the US, which has rejected containment of a nuclear Iran, may decide to strike, leading to a war and a massive spike in oil prices. - in Project Syndicate

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.

China: Hard Economic Landing Looks Increasingly Likely

In China, a hard economic landing looks increasingly likely as the investment bubble deflates and net exports shrink. Meanwhile, the reforms necessary to reduce savings and increase private consumption are being delayed. - in Project Syndicate

Related: iShares FTSE/Xinhua China 25 Index (ETF) (NYSE: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.

Austerity Fatigue

Austerity fatigue in the eurozone periphery is increasingly clashing with bailout fatigue in the core. - 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.

Markets That Rise On Both Good And Bad News Are Not Stable Markets

Financial markets have rallied since July on the hope that the global economic and geopolitical outlook will not worsen, or, if it does, that central banks stand ready to backstop economies and markets with additional rounds of liquidity provision and quantitative easing.

So, not only has good – or better-than-expected – economic news boosted the markets, but even bad news has been good news, because it increases the probability that central-banking firefighters like US Federal Reserve Chairman Ben Bernanke and European Central Bank President Mario Draghi will douse the markets with buckets of cash.

But markets that rise on both good and bad news are not stable markets. “Risk-off” episodes, in which investor sentiment sours, are likely to return if economic news worsens and confidence in policymakers’ effectiveness drops. - in Project Syndicate

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.

Q4: Growth Will Not Even Be 2 Percent

By the fourth quarter, with the fiscal cliff coming and firms becoming more cautious, capital spending is slowing down and growth will be not even 2 percent. - in Business Insider 

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.

There’s Not Going To Be Any Significant Reduction In The Unemployment Rate

Job creation might be around 100,000 or slightly higher for the next few months, but there’s not going to be any significant reduction in the unemployment rate. - 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.

Video: ECB Has Only Bought Time

ECB Has Only Bought Time : Nouriel Roubini, chairman of Roubini Global Economics, told CNBC, ECB bond buying will only buy time because the recession in the euro zone is getting deeper and how you stabilize the banking system and restore economic growth is still a very open question.

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.

US Economy: Significant Weakness Ahead

A quite lousy ISM manufacturing report with the inventory to new orders ratio showing significant weakness ahead. - 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.

Eurozone: Just Consider What Must Be Overcome

Just consider what must be overcome:

- economic divergence and deepening recessions;
- irreversible balkanization of the banking system and financial markets;
- unsustainable debt burdens for public and private agents;
- daunting growth and balance-sheet costs in countries that pursue internal devaluation and deflation to restore competitiveness;
- asymmetrical adjustment, with moral-hazard risks in the core and insufficient financing in the periphery fueling incompatible political dynamics;
- fickle and impatient markets and investors;
- austerity fatigue in the periphery and bailout fatigue in the core;
- the absence of conditions for an optimal currency area; and serious difficulties in achieving full fiscal, banking, economic, and political union.

- 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.