Video Interview: Current Economic Crisis, Greece Exit

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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.

Greek Elections: Everything Will Depend On How Europe Reacts

Everything will depend on how Europe reacts. If the funding to Greece stopped, the country will collapse and many investors will get into panic. Then, a run on the banks in Portugal, Spain, and Italy will take place. Who pulls the plug on Greece will in turn provoke a total collapse of the euro-zone. - in AGI.it 


Related: National Bank of Greece (ADR) (NYSE:NBG), Banco Santander ADR (STD), Banco Bilbao Vizcaya, UniCredit SpA (BIT:UCG), Banca Monte dei Paschi di Siena SpA(BIT:BMPS), Banco Comercial Portugues SA(ELI:BCP), Banco BPI SA (ELI:BPI), Banco Espirito Santo SA(ELI:BES)

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 Savings Madness Must Be Stopped

The savings madness must be stopped. Governments must lower taxes and increase wages. Europe needs growth. The German government should give every German household a 1000 euros travel voucher. However, it should only be used for holidays in crisis countries. That will help boost growth there.

In addition, everyone who buys a holiday home in a southern European state should get a tax bonus. - in Bild 

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.

What The Germans Must Understand

Germans must understand that bank recapitalization, European deposit insurance and debt mutualization are not optional Nouriel Roubini is an American economist. - in FT.com, Niall Ferguson & Nouriel Roubini

He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

Perfect Storm In 2013

We are concerned about the potential for a “perfect storm” in 2013: a disorderly situation in the eurozone (EZ), with a Greek exit and significant contagion to other fragile periphery members; U.S. growth that slows to stall speed as a sharp fiscal cliff looms; tensions in the Middle East between the U.S./Israel and Iran that reach a boil and trigger a spike in oil prices; a landing in China that moves from soft to hard; and a massive slowdown in other emerging markets (EMs). - in RGE 


Related: SPDR S&P 500 Index ETF (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.

Global Slowdown

Global slowdown: EZ/UK in recession, US close to stall speed, BRICs slowing down, EMs - in Asia, Latam, Central Europe - slowing down too. - in Twitter

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

2013`s Fiscal Drag

The point is, all this is expiring at year end, and the hole will be $600 billion, or about 4 percent of GDP, and then we plunge into a nasty recession. Some items may be continued (if the Republicans and Democrats can agree to extend) but a realistic assessment is a fiscal drag. - USA Today 

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.

2013: Perfect Storm Scenario

2013 perfect storm scenario: EuroZone train wreck; US back to stall speed with fiscal cliff; oil price spike as Iran war; China/Emerging Mkts hard landing. - in Twitter

Related: United States Oil Fund (USO), iShares MSCI Emerging Markets Indx 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.

Is Russia A Dynamic Emerging Market? Not A Chance.

So if its government isn’t interested in western clubs, can we classify Russia as a dynamic emerging market? Not a chance.

In China, a Communist party has engineered a complex, high-powered economic engine that has lifted the country from abject poverty to become the world’s second-largest economy. India has produced some of the world’s more innovative private sector companies. Brazil is now an increasingly self-confident democracy with a well-diversified economy and a growing international profile.

Russia, by contrast, has become an authoritarian state built on Mr Putin’s reputation as a tough guy and the export of oil, gas, other natural resources and little else. Corruption is endemic. - in Economonitor

Related: Market Vectors Russia ETF (RSX)

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 Should Leave The Eurozone

Postponing the exit after the June election with a new government committed to a variant of the same failed policies (recessionary austerity and structural reforms) will not restore growth and competitiveness. Greece is stuck in a vicious cycle of insolvency, lost competitiveness, external deficits, and ever-deepening depression.

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 Economic Data: Lousy Durable Goods Orders

Lousy durable goods orders; Q1 GDP growth to be revised down and Q2 starts on a weak note. - 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.

The Greek Euro Tragedy Is Reaching Its Final Act

The Greek euro tragedy is reaching its final act: it is clear that either this year or next, Greece is highly likely to default on its debt and exit the euro zone. Postponing the exit until after next month’s election with a new government committed to a variant of the same failed policies will not restore growth and competitiveness.

Greece is stuck in a vicious cycle of insolvency, lost competitiveness, external deficits and ever-deepening depression. The only way to stop it is to begin an orderly default and exit, co-ordinated and financed by the European Central Bank (ECB), the European Union, and the International Monetary Fund (the Troika), that minimises collateral damage to Greece and the rest of the euro zone. - in Business Day 

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.

Emerging Markets, Long Term & Short Term Prospects

So if you are willing to invest for the long run, yes on emerging markets. But if you're thinking about what's going to happen in the next few months, no country is an island.

Related ETFs: 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 European Recession Is Getting Worse

The European recession is getting worse. There's fiscal austerity that, in the short run, makes the recession worse. Second, the value of the euro is too strong for the countries on the periphery that have lost competitiveness. Third, you have a credit crunch because the periphery banks don't have enough capital, and they will be forced to cut credit. Fourth, you have the effects of high oil prices, and Europe depends 100 percent on oil imports. - in USA Today

Related: Ishares Germany ETF (EWG),  iShares MSCI Spain Index (ETF), 


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 Is Slowing

There is an overall slowdown of global growth. Europe is in a recession in the periphery countries, and it's getting worse. There is a double-dip recession in the United Kingdom, sluggish growth in Japan, and the data from many emerging markets are also suggesting a slowdown in China, Russia, Brazil, India and places like Turkey, Mexico and South Africa. - in USA Today 


Related ETFs: Market Vector Russia ETF Trust(RSX), iShares MSCI Spain Index ETF (EWP), iShares MSCI Brazil Index ETF (EWZ), iShares MSCI South Africa Index ETF (EZA), iShares MSCI Turkey Index Fund (TUR)

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.

Gold Isn`t Rallying Despite The Risk Off Sentiment

Gold bugs are hiding deep in their gold caves pondering why gold isn’t rallying in spite of the sharp spike in risk-off sentiment. - in Coin Week

Related: SPDR Gold Trut 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.