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.
Aug 15, 2012
Aug 14, 2012
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.
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.
Aug 13, 2012
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.
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.
Aug 12, 2012
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.
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.
Aug 8, 2012
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.
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.
Aug 2, 2012
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.
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.
Aug 1, 2012
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.
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.
Jul 31, 2012
US Economy: First-Half Growth
The first-half growth rate looks set to come in closer to 1.5 percent at best, even below 2011's dismal 1.7 percent. - 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.
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.
Jul 27, 2012
US GDP Grew At A Pathetically Mediocre Rate
GDP grew at a pathetically mediocre rate of 1.5% in Q2; final sales even worse at 1.2%. Q3 now looks worse than Q2. US is at stall speed. - in Roubini`s Official Twitter page
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.
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.
Jul 25, 2012
UPS Missed Earnings. Fedex Will Probably Miss Too.
UPS missed too. I bet Fedex misses too on global growth slump and stall. - in Roubini`s Official Twitter
Related: Fedex (FDX), United Parcel Service, Inc.(NYSE:UPS)
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: Fedex (FDX), United Parcel Service, Inc.(NYSE:UPS)
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.
Jul 24, 2012
The Consensus Got It Wrong
Even this year, the consensus got it wrong, expecting a recovery to annual GDP growth of better than 3 percent.
And now, after getting the first half of 2012 wrong, many are repeating the fairy tale that a combination of lower oil prices, rising auto sales, recovering house prices, and a resurgence of U.S. manufacturing will boost growth in the second half of the year and fuel above-potential growth by 2013. - in Yahoo Finance
Related: SPDR SP 500 ETF (NYSE:SPY), SPDR Dow Jones Industrial Average ETF, 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.
And now, after getting the first half of 2012 wrong, many are repeating the fairy tale that a combination of lower oil prices, rising auto sales, recovering house prices, and a resurgence of U.S. manufacturing will boost growth in the second half of the year and fuel above-potential growth by 2013. - in Yahoo Finance
Related: SPDR SP 500 ETF (NYSE:SPY), SPDR Dow Jones Industrial Average ETF, 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 Consensus Has Been That The US Economy Was On The Verge Of A Self-Sustaining Recovery
For the last three years, the consensus has been that the U.S. economy was on the verge of a robust and self-sustaining recovery that would restore above-potential growth. - 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.
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.
Jul 23, 2012
The Endgame Of Eurozone Is Starting
Endgame of EZ is starting: Greece will exit by 2013 while Italy & Spain will need a Troika program after half-baked attempts by ECB to help. - in Roubini`s Official Twitter
Related ETFs: iShares MSCI Italy Index ETF (EWI), 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.
Related ETFs: iShares MSCI Italy Index ETF (EWI), 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.
Jul 20, 2012
Growth In Earnings And Profits Is Now Running Out Of Steam
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. Indeed, growth in earnings and profits is now running out of steam, as the effect of weak demand on top-line revenues takes a toll on bottom-line margins and profitability. - in Project Syndicate
Related ETFs: SPDR SP 500 ETF (NYSE:SPY), SPDR Dow Jones Industrial Average ETF (DIA)
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 ETFs: SPDR SP 500 ETF (NYSE:SPY), SPDR Dow Jones Industrial Average ETF (DIA)
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.
Jul 19, 2012
Reuters Video Interview, July 2012
Nouriel Roubini, the NYU economist nicknamed "Doctor Doom" for his prediction of the 2008 financial crisis, believes that events are again turning against the global economy. (July 18, 2012)
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.
Jul 18, 2012
Federal Reserve Unconventional Policy Options
Unconventional policy could include targeting the 10-year Treasury at 1 percent, doing credit easing rather than quantitative easing, targeting nominal GDP, price-level targeting and lots of stuff that is more esoteric. Eventually if everything goes wrong, they can even buy equities." - in Reuters
Related ETFs: Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA)
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 ETFs: Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA)
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.
People Are Being Cheered By More QE
There might be a weak rally because people are being cheered by more quantitative easing by (Chairman Ben) Bernanke and the Fed, but if the economy is weakening, that is going to put downward pressure on earnings growth. - in Business Insider
Related: SPDR S&P 500 Index ETF (SPY), iShares MSCI Emerging Markets (ETF) (EEM), SPDR Dow Jones Industrial Average ETF (DIA)
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), SPDR Dow Jones Industrial Average ETF (DIA)
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.
Jul 17, 2012
Consumer Confidence In A Funk As Job Market Falters
Retail sales fell in June even more than in May. Consumer confidence in a funk as job market falters. US headed to stall speed even before cliff. - in MoneyNews.com
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.
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.
Jul 16, 2012
US Economy At Stall Speed
Q3 growth could be well below 1 percent given June sales report and unintended inventory build up. US at stall speed. - in Roubini`s Official Twitter
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.
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.
Inflation & Deflation Risks
Indeed inflation expectations are very low: rather greater risk of deflation. - in Roubini`s Official Twitter
Related: SPDR Gold Trust (ETF) (GLD), iShares Lehman 7-10 Yr Treas. Bond (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.
Related: SPDR Gold Trust (ETF) (GLD), iShares Lehman 7-10 Yr Treas. Bond (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.
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