Compared with 2008-09, when policymakers had ample space to act, monetary and fiscal authorities are running out of policy bullets - or, more cynically, policy rabbits to pull out of their hats.
Monetary policy is constrained by the proximity to zero interest rates and repeated rounds of quantitative easing.
Indeed, economies and markets no longer face liquidity problems, but rather credit and insolvency crises. - excerpt from A Global Perfect Storm is Brewing
Related: iShares MSCI Emerging Markets (ETF) (EEM), SPDR SP 500 ETF (NYSE: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.
Jun 21, 2012
A Self-Fulfilling Slowdown
Increasing risk aversion is leading economic agents to adopt a wait-and-see stance that makes the slowdown partly self-fulfilling. - excerpt from A Global Perfect Storm is Brewing
Related: iShares MSCI Emerging Markets (ETF) (EEM), SPDR SP 500 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.
Related: iShares MSCI Emerging Markets (ETF) (EEM), SPDR SP 500 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.
Jun 19, 2012
US Economic Performance Is Weakening
Farther to the west, US economic performance is weakening, with first-quarter growth a miserly 1.9 per cent - well below potential.
And job creation faltered in the past two months, so the US may reach stall speed by year end.
Worse, the risk of a double-dip recession next year is rising: Even if what looks like a looming US fiscal cliff turns out to be only a smaller source of drag, the likely increase in some taxes and reduction of some transfer payments will reduce growth in disposable income and consumption. - in Today Online
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.
Worse, the risk of a double-dip recession next year is rising: Even if what looks like a looming US fiscal cliff turns out to be only a smaller source of drag, the likely increase in some taxes and reduction of some transfer payments will reduce growth in disposable income and consumption. - in Today Online
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.
Greece Is A Side Show
"Greece is a side show. Italy & Spain may lose market access & need Troika rescue regardless of Greek elections as Spain bank rescue botched." - in a recent Tweet
Related stocks and ETFs: iShares MSCI Spain Index (ETF), iShares MSCI Italy Index ETF (EWI), National Bank of Greece (ADR) (NBG), Banco Santander ADR (STD)
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 stocks and ETFs: iShares MSCI Spain Index (ETF), iShares MSCI Italy Index ETF (EWI), National Bank of Greece (ADR) (NBG), Banco Santander ADR (STD)
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 Euro Zone Banking System Is Becoming Balkanised
The euro zone banking system is becoming balkanised, as cross-border and inter-bank credit lines are cut off, and capital flight could turn into a full run on periphery banks if, as is likely, Greece stages a disorderly euro exit in the next few months. - in Today Online
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.
Jun 18, 2012
Greece: New Government Will Fall In 6-12 Months
In 6 to 12 months ND-Pasok goverment will fall as economy will fall into a depression. Then new elections will lead Syriza to win and a Grexit to occur. - 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.
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.
Jun 14, 2012
Video Interview: Current Economic Crisis, Greece Exit
Latest video interview with RT.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.
Jun 13, 2012
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.
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.
Jun 12, 2012
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.
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.
Jun 11, 2012
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.
He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
Jun 6, 2012
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.
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.
Jun 4, 2012
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.
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.
May 31, 2012
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.
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.
May 30, 2012
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.
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.
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.
May 29, 2012
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.
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.
May 24, 2012
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.
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.
Subscribe to:
Posts (Atom)