Bubbles In Several Housing Markets

Now, five years later, signs of frothiness, if not outright bubbles, are reappearing in housing markets in Switzerland, Sweden, Norway, Finland, France, Germany, Canada, Australia, New Zealand, and, back for an encore, the UK (well, London). In emerging markets, bubbles are appearing in Hong Kong, Singapore, China, and Israel, and in major urban centers in Turkey, India, Indonesia, and Brazil.

Signs that home prices are entering bubble territory in these economies include fast-rising home prices, high and rising price-to-income ratios, and high levels of mortgage debt as a share of household debt. In most advanced economies, bubbles are being inflated by very low short- and long-term interest rates. Given anemic GDP growth, high unemployment, and low inflation, the wall of liquidity generated by conventional and unconventional monetary easing is driving up asset prices, starting with home prices. - 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.

U.S. Economy: Growth Is Low, Inflation Is Low, Unemployment Is High

The economic activity is recovering very anemically. Growth is low, inflation is low, unemployment is high. That is the reason why we have zero policy rates, we have QE, credit easing.

Related ETFs: SPDR S&P 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.

U.S. Stock Market: We Are Not Yet In Bubble Territory

Related trading instruments: 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.

Brazil Was Too Hyped

2 years ago at the Milken Conference, Eike Batista criticized me in our panel for saying that Brazil was too hyped. Today he is nearly bankrupt. - in a recent tweet 

Related trading instruments: iShares MSCI Emerging Markets (ETF) (EEM), iShares MSCI Brazil Index (ETF) (NYSE:EWZ), SPDR Gold Trust (ETF) (GLD)

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 Economic Impact in Terms of a Fiscal Drag

The economic impact in terms of a fiscal drag is the difference between U.S. economic growth and tipping into a downturn.  (in a recent TV appearance with CNBC)

Related trading instruments: Financial Select Sector SPDR ETF (XLF), 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.

Without Market Discipline, There`s No Pressure To Do Anything

“Without market discipline, there’s no pressure to do anything because you can continue to finance yourself cheaply.” - in Washington Post

Related assets: 10-Year U.S. Treasuries, 30-Year T-Bonds;

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 Crisis: A Temporary Respite Between Storms?

"The calm that has prevailed in eurozone financial markets for most of the past year would turn out to be only a temporary respite between storms." - in Money News

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's Fundamental Problems Remain Unresolved

"Beneath the surface calm of lower spreads and lower tail risks, the eurozone's fundamental problems remain unresolved. For starters, potential growth is still too low in most of the periphery, given ageing populations and low productivity growth, while actual growth – even once the periphery exits the recession, in 2014 – will remain below 1% for the next few years, implying that unemployment rates will remain very high.

Meanwhile, levels of private and public debt, domestic and foreign, are still too high, and continue to rise as a share of GDP, owing to slow or negative output growth. This means that the issue of medium-term sustainability remains unresolved.

At the same time, the loss of competitiveness has been only partly reversed, with most of the improvement in external balances being cyclical rather than structural. The severe recession in the periphery has caused imports there to collapse, but lower unit labour costs have boosted exports insufficiently. The euro is still too strong, severely limiting the improvement in competitiveness that is needed to boost net exports in the face of weak domestic demand." - in The Guardian

Related ETFs: iShares Germany ETF (EWG), 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.

Euro Monetary Union: Disintegration Risk Has Diminished Significantly

"A little more than a year ago, in the summer of 2012, the eurozone, faced with growing fears of a Greek exit and unsustainably high borrowing costs for Italy and Spain, appeared to be on the brink of collapse. Today, the risk that the monetary union could disintegrate has diminished significantly – but the factors that led to it remain largely unaddressed." - in The Guardian

Related ETFs:  iShares MSCI Spain Index ETF (EWP), 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.

If A Government Shutdown Cannot Lift Gold, What Else Will?

If a government shutdown cannot lift gold, what else will? - in Twitter

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

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.

Political Risks Rise In West Countries

"Political risks rise in West countries: U.S. goverment shutdown risk; Italian goverment collapse risk; uncertainty on German government; Greece & Portugal risks." - in Twitter

Related ETFs: Financial Select Sector SPDR (ETF) (XLF), SPDR SP 500 ETF (NYSE:SPY), iShares MSCI Italy Index ETF (EWI), iShares Germany ETF (EWG), 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.

Markets Are Underpricing The Risk Of A Slowdown In China

"In my view, the markets are underpricing the risk of a slowdown in China. We expect this year the growth in China would be 7.4%, whereas the consensus is above 8 percent." - in Economic Times

Related ETFs: iShares MSCI Emerging Markets (ETF) (EEM), 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.

Industrial Metals Like Copper Are Going To Do Much Worse In Relative Terms

"Certainly, demand for oil, energy, water and food is going to increase in the emerging markets, thanks to a growing population and increasing per capita income. Therefore, those commodities that are related more to the consumption growth in China and emerging market, in relative terms, might be the better placed - like oil - as transportation needs would sustain demand. However, industrial metals like copper, in less resource-intensive emerging markets, are going to do much worse in relative terms." - in Economic Times 

Related ETFs: iShares MSCI Emerging Markets (ETF) (EEM), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), WisdomTree India Earnings Fund ETF (EPI), 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.

The Commodity Super Cycle Is Probably Over

"There are a number of factors as to why the commodity super cycle is probably over. First of all, China is slowing down. Their growth rate might be as low as 6 or 7 percent. Additionally, we have a slow recovery in advanced economies and since there the monetary policy is going to be tightened, however, gradual. The Fed eventually is going to start tapering, would eventually go away from zero policy rates and that increase in short and long rates is going to soften commodity prices as well. The dollar is going to strengthen over time because economic growth in the US is going to outperform the one in other advanced economies. The Fed is going to exit faster than other central banks." - in Economic Times

Related stocks & ETFs: SPDR Gold Trust (ETF) (GLD), iShares Silver ETF (SLV), United States Oil Fund ETF (USO), Ternium S.A. (ADR)(NYSE:TX), ArcelorMittal (ADR)(NYSE:MT), Gerdau SA (ADR)(NYSE:GGB), Vale SA (ADR)(NYSE:VALE), Conoco Phillips (COP), 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.

Higher Interest Rates Will Be A Negative For Commodities Prices

“You probably want to be underweight in bonds, and overweight in equities, mainly in the United States. Higher interest rates will be a negative for commodities prices.” - speaking at Index Universe’s Inside Commodities 

Related ETFs: SPDR Gold Trust ETF (GLD), SPDR S&P 500 ETF (NYSE:SPY), iShares MSCI Emerging Markets ETF (EEM), 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.

Advanced Economies: Inflation Is Not going to Be A Problem For The Next 2 Or 3 Years

"Those worried about inflation worry about all the money printing leading to that inflation. Inflation in advanced economies is going to be the least of problems developed economies will face in the next two or three years." - 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.

The U.S. Dollar Is Likely To Become Stronger

"The dollar is likely to become stronger rather than weaker. The thing about the U.S. compared to other advanced economies...the fundamentals for the U.S. are much better." - in CNBC

Related: EUR/USD, SPDR Gold Trust (ETF) (GLD)

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.

Yellen: A Notch More Dovish That Other Members Of The Board

"She might be a notch more dovish that other members of the board, but under Bernanke, the Fed became a collegial democracy. It will be a consensus-driven Fed." - in an interview after his speech at IndexUniverse's Inside Commodities conference in New York 

Related: S&P 500 Index, Dow Jones Industrials, Nasdaq 100 Index

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 Federal Reserve Has Realized That The Economy Was Weak

"It's clear that the Fed has realized that the economy was weak." - in Investment News

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.

Early Taper Talk Caused A Spike in Long Rates

"By too early taper talk starting in May the Fed caused a spike in long rates that weakened growth and forced it NOT to taper today." - in Twitter 

Related: US 10 Year Treasuries, 30 Year Treasury Bond

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.

Tapering: The Consensus Got It Wrong

"As The Economist put it the Fed is a Taper Tiger. But the consensus got wrong the "silence of the doves": they were fully data dependent." - in Twitter

Related ETFs: SPDR SP 500 ETF (NYSE:SPY), SPDR Gold Trust ETF (GLD), 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 Federal Reserve Should Not And May Not Taper Today

"Based on the weak macro data the Federal Reserve should not and may not taper today. If it does it will be taper-lite with stronger forward guidance and escape clause." - in Twitter

Related indexes & ETFs: iShares MSCI Emerging Markets (ETF) (EEM), SPDR SP 500 ETF (NYSE:SPY), Nasdaq 100 Index, Dow Jones Industrials, Nasdaq Composite, iShares Russell 2000 Index (ETF) (NYSE:IWM), SPDR Gold Trust (ETF) (GLD)

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 Can The Fed Taper Now?

"New mortgages & refinancing applications are falling off the cliff as taper talk led to mortgage yields surge. How can the Fed taper now?" - in Twitter

Related ETFs: Financial Select Sector SPDR ETF (XLF), 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.

US Banks Are Even-Bigger-To-Fail

"Five years after Lehman's collapse US banks are even-bigger-to-fail given consolidation: J.P. Morgan taking over Bear Stearns, Bank of America taking Countrywide & Merrill Lynch, Wells Fargo taking Wachovia." - in Twitter

Related stocks: Bank of America (BAC), J.P. Morgan (JPM), Wells Fargo (WFC)

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.

United States: 3 Sources Of Policy Uncertainty Will Come To A Head This Autumn

Today, the global economy is facing many known unknowns, most of which stem from policy uncertainty. "In the United States, three sources of policy uncertainty will come to a head this autumn. For starters, it remains unclear whether the Federal Reserve will begin to “taper” its open-ended quantitative easing (QE) in September or later, how fast it will reduce its purchases of long-term assets, and when and how fast it will start to raise interest rates from their current zero level. There is also the question of who will succeed Ben Bernanke as Fed Chairman. Finally, yet another partisan struggle over America’s debt ceiling could increase the risk of a government shutdown if the Republican-controlled House of Representatives and President Barack Obama and his Democratic allies cannot agree on a budget.

The first two sources of uncertainty have already affected markets. The rise in US long-term interest rates - from a low of 1.6 percent in May to recent peaks above 2.9 percent - has been driven by market fears that the Fed will taper QE too soon and too fast, and by the uncertainty surrounding Bernanke’s successor.

So far, investors have been complacent about the risks posed by the looming budget fight. They believe that – as in the past – the fiscal showdown will end with a midnight compromise that avoids both default and a government shutdown. But investors seem to underestimate how dysfunctional US national politics has become. With a majority of the Republican Party on a jihad against government spending, fiscal explosions this autumn cannot be ruled out." - in Project Syndicate

Related ETFs: Financial Select Sector SPDR (ETF) (XLF), 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.

U.S. Inequality Sharply Rising Again

"U.S. inequality sharply rising again above Gilded Age levels: Top 1% take biggest income slice on record" - 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.

Sign of Labor Market Weakness

"Fall in unemployment rate is driven by fall in labor force participation rate, sign of labor market weakness with more discouraged workers." - 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.

Bond Yields Are Mispriced

"Tapering of September Tapering. The Fed should not start tapering given mediocre GDP growth and labor market. Bond yields mispriced." - in Twitter

Related ETFs: Financial Select Sector SPDR (ETF) (XLF), 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.

Dysfunctional U.S. National Politics

"Investors seem to underestimate how dysfunctional US national politics has become." - 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.

Emerging Market Rout: There`s More To Come

"I do not think we are finished with the rout in any of the emerging market asset classes, maybe we are more than midway but there is more to come. After all, what we know about the global environment is that the West is showing more signs of recovery. That points to tapering from the Fed.

We do not know exactly when that tapering is going to come. We do not know how much tapering is going to be. We do not know yet when the tapering will be followed by stop in the expansion of the Fed’s base money, more do we know when and by how much the Fed will tighten.

There are lots of stages in the shift in the US and therefore the global monetary and financial conditions environment that have yet to take place that would stretch out for a couple of years and it is that uncertainty and the threat of the coming reduction in the easing of monetary conditions that precipitated all this and on top of that now we have the Syrian situation becoming more escalated.

So, countries like India which are capital thirsty are still going to be in the forefront of this risk reduction episode across global markets." - in CNBC TV18 

Related ETFs: iShares MSCI Emerging Markets (ETF) (EEM), WisdomTree India Earnings Fund ETF (EPI), iShares MSCI Brazil 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.

Italy`s Crisis

"if the situation worsens, which now seems hardly impossible, the consequences could be very damaging for Italy. "Our most probable scenario is elections in early 2014 but we do not exclude even sooner than that.

The markets are reasoning in a similar way. If there is no solution, the spread will rise to 300 (3.0 percentage points) in a few days and the calm period for the Italian stock market will come to an end. Bank stocks will be particularly hard hit and credit costs will continue rising. The sooner the elections, the worst the damage for bonds." - in brecorder 

Related ETFs: 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.

Wall Street Prefers Yellen By 3 To 1 Ratio

"Yellen more dovish on monetary policy; Summers more friendly 2 Wall Street. But Wall Street prefers her by 3 to 1 ratio." - in Twitter 

Related ETFs: SPDR Gold Trust (ETF) (GLD), 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.

U.S. Economy: Potential Growth Falling Towards 2 Percent?

"Stagnation of US productivity over the last year. A sign that potential growth is falling towards 2%?" - in Roubini`s Official Twitter

Related ETFs: Financial Select Sector SPDR (ETF) (XLF), SPDR Dow Jones Industrial Average ETF (DIA), 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.

Emerging Markets Decoupling Story Was Over-Hyped

"Emerging markets decoupling story was always over-hyped - Fed taper talk reaction shows EMs still linked to developed world." - in Roubini`s Official Twitter 

Related ETFs: iShares MSCI Emerging Markets (ETF) (EEM), 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.

Low Growth: Brazil, Russia, China & South Africa

"Brazil's GDP grew by only 1% last year, and may not grow by more than 2% this year, with its potential growth barely above 3%. Russia's economy may grow by barely 2% this year, with potential growth also at around 3%, despite oil prices being around $100 a barrel. India had a couple of years of strong growth recently (11.2% in 2010 and 7.7% in 2011) but slowed to 4% in 2012. China's economy grew by 10% a year for the last three decades, but slowed to 7.8% last year and risks a hard landing. And South Africa grew by only 2.5% last year and may not grow faster than 2% this year." - an excerpt from the Is the emerging market boom over?

Related ETFs: iShares MSCI Brazil Index (ETF) (NYSE:EWZ), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), 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.

BRIC`s: Emerging Economies May Hit A Thick Wall

"Of course, some of the better-managed emerging-market economies will continue to experience rapid growth and asset outperformance. But many of the Brics, along with some other emerging economies, may hit a thick wall, with growth and financial markets taking a serious beating." - in The Guardian 

Related ETFs: iShares MSCI Emerging Markets ETF (EEM), iShares MSCI Brazil Index ETF (EWZ), 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.

Underdog in the Race for Fed Chair May Now Be the Frontrunner

"My new paper Larry Summers: Underdog in the Race for Fed Chair May Now Be the Frontrunner" - in Roubini`s Official Twitter

Related ETFs: Financial Select Sector SPDR (ETF) (XLF), SPDR Gold Trust (ETF) (GLD), 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.

The Benefits Of The U.S. Oil Production Boom

"The domestic benefits of the U.S. oil production boom are well documented — everything from the creation of high-paying jobs to sending less money to foreign oil producers.

Less well appreciated are the geopolitical benefits. U.S. oil production has already paid foreign policy dividends in at least one vital area: It has paved the way for stronger sanctions on Iran by helping to keep the global oil market well-supplied and minimizing oil price volatility.

This development is timely and instructive." - in Reuters Blog (an excerpt from The oil boom’s foreign policy dividend By John Hannah and Nouriel Roubini)

Related ETFs: United States Oil Fund ETF (USO), Energy Select Sector SPDR ETF (XLE)

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: The New York Forum - Africa

To watch the presentation click on the following link: The New York Forum - Africa (June 14-16 2013, Libreville - Gabon)

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 Day In East Africa

"A day in East Africa: breakfast in Rwanda, lunch in Malawi and dinner in Katanga in the DRC." - in Roubini`s Official Twitter Page 

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.

Kenya: An Economy With Many Opportunities & Many Challenges As Well

"Interesting policy meetings in Nairobi. Kenya is an economy with many opportunities and many challenges as well." - in Roubini`s Official Twitter 

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.

Growth In Emerging Markets

“It was already evident in the first and second quarters of this year that growth in China and other emerging markets was slowing.” - in Slate 

Related ETFs: iShares MSCI Emerging Markets (ETF) (EEM), iShares MSCI Brazil Index (ETF) (NYSE:EWZ), Market Vectors Russia ETF (RSX), 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.

A New Period of Uncertainty & Volatility Has Begun

"New period of uncertainty & volatility has begun; it seems likely to lead to choppy economies & markets." - 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.

Gold Bugs Strangely Silent & Quiet

"Gold bugs strangely silent and quiet. They must be eating crow..." - in Roubini`s Official 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.

Gold: There Are Many Reasons Why The Bubble Has Burst

"At the peak, gold bugs – a combination of paranoid investors and others with a fear-based political agenda – were happily predicting gold prices going to $2,000, $3,000, and even to $5,000 in a matter of years. There are many reasons why the bubble has burst, and why gold prices are likely to move much lower, toward $1,000 by 2015." - in Finance Townhall

Related ETFs: SPDR Gold Trust (ETF) (GLD)

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.

Fed`s Liquidity Injections Are Not Creating Credit For The Real Economy

"The Fed’s liquidity injections are not creating credit for the real economy but rather boosting leverage and risk-taking in financial markets." - in Wealth Daily

Related ETFs: Financial Select Sector SPDR ETF (XLF), SPDR SP 500 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.

Be Sure Your Seat Belt Is Securely Fastened

“Be sure your seat belt is securely fastened, because nothing has really come to rest. We have entered the ‘New Abnormal’, a period in which...the wise investor is prepared to be surprised.” - in a recent paper with Ian Bremmer 

Related ETFs: iShares MSCI Emerging Markets (ETF) (EEM), SPDR SP 500 ETF (NYSE:SPY), SPDR Gold Trust ETF (GLD)

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: Keynes’s ‘Barbarous Relic’

“Gold remains John Maynard Keynes’s ‘barbarous relic,’ with no intrinsic value and used mainly as a hedge against mostly irrational fear and panic.” - in Minyanville

Related ETF: SPDR Gold Trust ETF (GLD)

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: A 6-Point Bear Case

Here’s a recap of Roubini’s six-point case, in his piece for Project Syndicate:

1. Gold spikes in times of serious economic, financial and geopolitical risks — think “financial Armageddon.” But that doesn’t make it such a safe investment, says Roubini, noting sharp falls in gold prices during crisis periods of 2008 and 2009.

2. Gold performs best in times of high inflationary risks, as its popularity grows under the view that it is a hedge against inflation. But even after aggressive monetary policy by central banks, he says, global inflation is low and dropping further, and commodity prices are adjusted downwards.

3. Gold provides no income. With equities, you get dividends; with bonds, coupons and with property, rent. Now that the global economy is recovering, other assets are providing higher returns — so who needs gold, which has “vastly” underperformed since early 2009 versus stocks, he asks.

4. Real rates are headed higher on the view that the Federal Reserve and other central banks are going to back out of quantitative easing and zero-policy rates. “The time to buy gold is when the real returns on cash and bonds are negative, and falling,” and that’s not now, he says.

5. Highly indebted sovereigns are not pushing investors towards gold and away from their bonds. In fact, many of these governments have high stocks of gold, which they may dump to cut debt. Italy, for one, could be tempted to pare back on its huge holdings.

6. Political conservatives in the U.S. have hyped gold so much that it’s become counterproductive. “For this far-right fringe, gold is the only hedge against the risk posed by the government’s conspiracy to expropriate wealth,” he says.

in MarketWatch Blog

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

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 Prices Are Likely To Move Much Lower

"There are many reasons why the bubble has burst, and why gold prices are likely to move much lower, toward $1,000 by 2015." - in The Guardian

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.

The Gold Bubble Is Deflating

"The runup in gold prices in recent years – from $800 per ounce in early 2009 to above $1,900 in the autumn of 2011 – had all the features of a bubble. Now, like all asset-price surges that are divorced from the fundamentals of supply and demand, the gold bubble is deflating." - in The Guardian 

Related ETFs: SPDR Gold Trust ETF (GLD)

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 Is Solely A Play On Capital Appreciation

"Unlike other assets, gold does not provide any income. Whereas equities have dividends, bonds have coupons, and homes provide rents, gold is solely a play on capital appreciation. Now that the global economy is recovering, other assets – equities or even revived real estate – thus provide higher returns." - in A World Of Ideas

Related ETFs: SPDR Gold Trust ETF (GLD), 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.

Video: Stock Rally Will Continue

Video Summary: Nouriel Roubini tells "Closing Bell" stocks will continue to rally as central banks continue to pump liquidity into the system, but a possible correction looms later.

Related ETFs: 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.

Art: A New Major Asset Class

"From the Venice Art Biennal it looks like art is indeed a new major asset class. It may be in a bubble as a frenzy of new collectors emerges." - 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.

France Is Slipping Into A Recession

"France is slipping into a recession that complicates the austerity & reform agenda." - in Roubini`s Official Twitter

Related ETFs: iShares MSCI France Index ETF (EWQ)

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.

UK: Economy Still Fragile

"UK economy still fragile as there's barely any positive growth & EU Brixit saga creates uncertainty." - in Roubini`s Official Twitter

Related ETFs: iShares MSCI United Kingdom Index ETF (EWU)

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.

Italy: Critical To Implement Policies To Restart Growth

"With a new government in place and ongoing recession it is critical to implement policies to restart growth." - in Roubini`s Official Twitter 

Related ETFs: 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.

A Global Quest For Yield

“With interest rates on government bonds in the US, Japan, the United Kingdom, Germany, and Switzerland at ridiculously low levels, investors are on a global quest for yield.” - in CNN money

Related trading instruments: SPDR SP 500 ETF (NYSE:SPY), US Dollar, Swiss Franc, Japanese Yen, British Pound

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.

Stock Market Rally, Asset Bubbles & Crash

“For the next year or so, as long as the economy grows 1.5-2 percent, and you have easy money, this market can go higher. Growth is slow. Earnings growth is also slowing down. Top line and bottom line are not as good as they used to be, but margins are high. They could correct, somehow, over time. This might lead to a generalized credit and equity and asset bubble in the next year or two, followed by a crash.” - in CNN Money

Related ETFs: 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.

Market Outlook: Gravitational Forces & Levitational Forces

"It could go on for another year or two. Of course, there are two forces. Growth is slow. Earnings growth is also slowing down. Top line and bottom line are not as good as they used to be, but margins are high. They could correct, somehow, over time.

But you have the gravitational forces of slow economy leading eventually to correction, but then the levitational forces of QEs, zero policy rates, more money coming in the market – not just from the U.S., but from other economies – it's going to levitate asset prices.

So, as I pointed out, this might lead to a generalized credit and equity and asset bubble in the next year or two, followed by a crash. But for the next year or so, as long as the economy grows 1.5-2 percent, and you have easy money, this market can go higher. "- in Business Insider 

Related ETFs: SPDR SP 500 ETF (SPY), Financial Select Sector SPDR ETF (XLF), 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.

Huge Gap Between Sentiment On Wall Street And The Main Street

"There is a huge gap between sentiment on Wall Street and the main street." - in CNBC 

Related ETFs: SPDR SP 500 ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), 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 Ongoing Weakness of America’s Economy

"The ongoing weakness of America’s economy—where deleveraging in the private and public sectors continues apace—has led to stubbornly high unemployment and sub-par growth. The effects of fiscal austerity—a sharp rise in taxes and a sharp fall in government spending since the beginning of the year—are undermining economic performance even more." - in Live Mint

Related ETFs: 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.

The Exit From The Fed's QE And Zero-Interest-Rate Policies Will Be Treacherous

"The exit from the Fed's QE and zero-interest-rate policies will be treacherous: Exiting too fast will crash the real economy, while exiting too slowly will first create a huge bubble and then crash the financial system. If the exit cannot be navigated successfully, a dovish Fed is more likely to blow bubbles." - in CNBC 

Related ETFs: SPDR Gold Trust (ETF) (GLD), 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.

Fed's Liquidity Injections Are Not Creating Credit For The Real Economy

"The problem is that the Fed's liquidity injections are not creating credit for the real economy, but rather boosting leverage and risk-taking in financial markets. The issuance of risky junk bonds under loose covenants and with excessively low interest rates is increasing; the stock market is reaching new highs, despite the growth slowdown; and money is flowing to high-yielding emerging markets." - in CNBC

Related ETFs: 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.

Central Banks Are Worried About Downside Risks To Economic Growth

“The reason why central banks keep on printing money is because they worry about downside risk to economic growth. But if liquidity spreads because of the downside risk to global economic growth and if the downside risk actually materialises, in spite of liquidity, then you could, over time, have a correction in global equities.” - in First Post

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.

India: Bureaucratic Constraints, Political Uncertainty

"China might have too much infrastructure, but India has too little infrastructure spend and a whole range of bureaucratic constraints has slowed down the investment. There's also some degree of political uncertainty with the general elections next year. Corruption, meanwhile, was also a significant hindrance. Unfortunately there have been excessive levels of corruption. Red tape, a wide range of administrative restrictions and regulations on the economy, are not enhancing business confidence." - in The National

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.

India: Not Achieving Potential For Economic Growth

"Six per cent is not so bad, but compared to the ambitions and the goal of the country, of growing much more robustly at 8 or 9 per cent, if not higher, to deal with the issues, 6 per cent is not sufficient. A growth rate of 7 or 8 per cent or higher will be consistent with achieving the economic goals of reducing poverty, of having strong economic welfare for many people." - speaking in Mumbai last week

Related ETFs: WisdomTree India Earnings Fund ETF (EPI), Direxion Daily India Bull 2X Shares (INDL),  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.

India: Structural Reforms Have Occurred At A Slower Than Optimal Pace

"Structural reforms and liberalisation that have occurred in India in last few years have happened at a slower than optimal and desirable pace. That is one of the reasons why economic growth in India for last couple of years has been disappointing. The government is trying to jumpstart some reforms." - in Economic Times

Related ETFs: WisdomTree India Earnings Fund ETF (EPI), Direxion Daily India Bull 2X Shares (INDL)

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.

India Should Cut Interest Rates

"There may be room for soft policies...In my view, in the next 12 months, there may be room for another 50 basis points cut." - in Economic Times

Related ETFs: WisdomTree India Earnings Fund ETF (EPI), Direxion Daily India Bull 2X Shares (INDL) 

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.

India Cannot Afford To Have An Early Demise Of Its Manufacturing

"India has a significant trade imbalance with China in goods especially and that demand can become a problem. India cannot afford to have an early demise of its manufacturing. The risk is that cheap and good quality Chinese goods are going to crowd out Indian manufactured sector." - in Economic Times

Related ETFs: WisdomTree India Earnings Fund ETF (EPI), Direxion Daily India Bull 2X Shares (INDL)

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: QE, Monetary Policy, Global Economy

Related ETF: 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.

Germany Should Do A Short-Term Fiscal Programme To Boost Economic Growth

"Spreads are so low in Germany that if they were to do a fiscal stimulus...I don't think they would lose any credibility. I am talking about a short-term fiscal programme to boost economic growth." - in EmergingMarkets.org 

Related: 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.

Eurozone: There Is Absolutely No Talk About A Growth Agenda

"Today in the eurozone there is absolutely no talk about a growth agenda. While there is plenty of discussion about banking and fiscal union, and in the absence of economic expansion, you'll have eventually social and political backlash against austerity." - in an IMF conference under the title Rethinking Macro Policy II: First Steps and Early Lessons 

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 U.S. Is Doing The Opposite Of The Optimal

“The U.S. right now is doing the opposite of the optimal, because we have no medium-term plan for fiscal consolidation due to political gridlock, and we don’t have actual short-term stimulus.” - in Bloomberg 

Related ETFs: 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.

Gold Bugs In Stupefied Catatonic State

"Gold Bugs in stupefied catatonic state as gold now has fallen from a peak of $1950 in 2011 to $1350 today. Eat your gold!" - in Nouriel`s Official Twitter 

Related ETFs: SPDR Gold Trust (ETF) (GLD)

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.

U.S. Equities: Low Risk Aversion Can Continue For A While

"I've been suggesting you should be overweight in the U.S. equities for the time being. The forces of slow but improving growth, massive liquidity and continued Fed easing, reduction of tail risk, of low volatility, of low risk aversion can continue for a while." - in CNBC, April 4 

Related ETFs: 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.

Goldman Sachs Cuts Gold Price Forecast

"Goldman Sachs Cuts Gold Price Forecast Through 2014 as Cycle Turns": It lowered the 6 & 12-month predictions to $1490 & $1390. - in Nouriel`s Official Twitter

Related ETFs: SPDR Gold Trust ETF (GLD)

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 Is A Risky, Volatile Bubbly Asset With No Income

"Gold peaked at $1900 in Sept 2011. Now down to $1550. So where is gold at 2k, 3k, 4k, 10k? Gold risky, volatile bubbly asset with no income." - in Nouriel`s Official Twitter

Related Stocks and ETFs: SPDR Gold Trust (ETF), 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.

Video: Market Outlook

THU 04 APR 13 | 03:45 PM ET: Nouriel Roubini, Roubini Global Economics, discusses China and Japan, and explains whether he still foresees a market correction.

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.

Aggressive BoJ Policy

"At the very least the BOJ will ensure it doesn't disappoint the market." - in Reuters

Related ETFs:  iShares Japan ETF (EWJ)

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.

Relative Strength Among Advanced Economies

"Among advanced economies, the US is in the best relative shape, followed by Japan, where Abenomics is boosting confidence." - in a recent article 

Related ETFs: SPDR SP 500 ETF (NYSE:SPY), iShares Japan ETF (EWJ)

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.

Comparing Beijing To Shanghai

"Beijing isnt architectonically as pretty as Shanghai but is home to artists, intellectuals, writers, internet start-ups & the creative class." - 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 Most Disruptive Social Issue In China

"The problem of air/water quality & the issue of food safety is the most disruptive social issue in China. Local middle class is very worriedThe problem of air/water quality & the issue of food safety is the most disruptive social issue in China. Local middle class is very worried." - in Roubini`s Official Twitter 

Related ETFs: 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.

Cyprus: Capital Controls & Deposit Freeze Is The Only Way To Avoid Run On Banks

"Capital controls & Argentine-stlye deposit freeze (Corralito/Corralon) unavoidable in Cyprus given lack of a bail in deal. Only way 2 stop run." - in Roubini`s Official Twitter page

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.

Cyprus: Russia Wants the Right To Offshore Gas Reserves And A Military Base

"Russia doesn't just want the right to Cyprus offshore gas reserves; it also wants a military naval base there in exchange for a bailout." - in Roubini`s Official Twitter

Related ETFs: 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.

Cyprus: UK, US, Russia & Germany

"UK & US may be queasy about a Russian naval base in Cyprus but Germany may not as limiting the size of EZ/German bailout funds is critical." - 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.

Cyprus: What`s A Sensible Deal?

"A sensible Cyprus deal would have bailed in sovereign creditors, large depositors above 100k (not small ones) & senior unsecured bank bonded debt." - in Roubini`s Official Twitter

Related: EURUSD, iShares Germany ETF (EWG), iShares MSCI Spain Index ETF (EWP), 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.

Markets Are Underestimating The Sequester And The Gridlock In The United States

“Markets are underestimating how much the sequester and the gridlock in the United States could have negative effects on the economy and eventually on the market.” - in Bloomberg 

Related ETFs: SPDR S&P 500 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.

Gold Is Falling For 2 Reasons

"Gold is falling for two reasons. First of all, we have reduced the tail risk of a collapse of the Eurozone, of another global financial meltdown, of a war in the Middle East. And one of the situations where gold does best is when there is huge tail risk. When money is not safe in the banks and you want to drop everything and buy gold.

The other extreme situation in which gold does very well is when there is a massive risk of inflation. But in spite of all these QE`s, of course base money has doubled, tripled, soon quadrupled, that`s not creating inflation for 2 reasons.

One velocity has collapsed, most of this money hoarded by the banks in the form of excess reserves and there is no credit creation or very little. Secondly there is a huge slack in the labor market, wages are growing less than productivity and labor costs are falling. There is excess capacity, firms don`t have a lot of pricing power. So, the combination of slack in the goods and labor market means that inflation is the least of the concerns for the Fed, for the ECB, for the BOJ, for the BOE and so on. And therefore there`s no reason of inflation for going to gold. That`s why gold is going down." - in Yahoo Finance

Related: 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.

Video: U.S. Economy Outlook

Video Summary: Nouriel Roubini gives his insights on how the sequester might play out.

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.

All Italian Options Lead To New Elections

"All Italian options lead - within 6 to 12 months - to new elections. So political uncertainty will lead to policy/market uncertainty." - in Roubini`s Official 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.

Italy`s Chaos

"Italy is headed to new elections within six months as election results make Italy ungovernable. It is political, economic & financial chaos." - in Roubini`s Official Twitter

Related ETF: 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.

We Are Not Going To Have A Bond Market Rout

"It's not going to be that we are going to get a rout in the bond market, because the Fed knows that when they exit, they have to exit slowly – and they can hold to maturity. So, if you're not going to have goods inflation – if you're not going to exit fast enough – then the risk is like during the cycle of 2003-2006, where we're exiting very slowly. It was a measured pace – 25 basis points every six weeks, and we got what? An asset bubble. A credit bubble. A housing, a sub-prime bubble.

So, like Jeremy Stein at the Fed says, we are at the beginning of another credit bubble, because we are going to exit so slowly that the financial excess is not going to go into goods inflation; we're not going to have a bond market rout." - in Business Insider 

Related: iShares Lehman 7-10 Yr Treas. Bond (ETF), 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.

Video: Risks For 2013

 Video Summary: Will China's rise lead to the end of capitalism? Will armies of robots replace the world's workforce? And will China be able to block Facebook and Google forever? Risk expert Ian Bremmer and Dr. Doom, Nouriel Roubini give their 2013 predictions for politics and the economy to Reuters Digital Editor Chrystia Freeland.

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.

CNBC Video: Global Macro Views

Video Summary: Nouriel Roubini, Roubini Global Economics co-founder and chairman, weighs in on the global economy, and provides an outlook on U. S. markets, amid political uncertainty in Washington.

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: The Positives vs. The Fiscal Drag

"There are some positives in the U.S. this year. You have QE, you have housing, you have the shale gas, you have some recovery in jobs in manufacturing. But between the January fiscal deal and probably "the sequester," or something similar, we might have a $300 billion fiscal drag this year." - in CNBC

Related ETFs: 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.

Easy Money Implies Asset Inflation

"Some of the improvement in the markets is not because growth is picking up ... certainly easy money implies asset inflation." - in CNBC 

Related ETFs: 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.

Philippines and Indonesia: Long-Term Growth Stories In Asia

"The Philippines and Indonesia are much better long-term growth stories in Asia than the much hyped China and India.

The Philippines should get an upgrade to investment grade in 2013 as it economic, fiscal, financial and policy fundamentals are much improved." - in Roubini`s Official Twitter

Related:  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.

CNN Video: Roubini @ World Economic Forum (Davos)

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 Interview (CNN Money)

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: 80% Of The World Population, 50% Of World GDP

"Insight: 80% (50%) of the world population (GDP) is in emerging markets. So far they have grown fast but state capitalism may slow them." - in Roubini`s Official Twitter, World Economic Forum, Davos 2013

Related: 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 Downside Risks To The Global Economy Are Gathering Force

"As 2013 begins, the downside risks to the global economy are gathering force." - in Project Syndicate`s Official Twitter

Related ETFs: 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 United States Has Significant Fiscal, Growth And Unemployment Problems

"In absolute terms, the United States has significant fiscal, growth and unemployment problems. But paradoxically, if we don't reach an agreement in March on the fiscal debt ceiling and we get another downgrade, yields are going to fall, they're not going to go up. Everywhere else, if a country gets a downgrade, the yields go up, in the U.S. it is the opposite."- in a Reuters conference in New York on Monday

Related: SPDR SP 500 ETF (NYSE:SPY), iShares Lehman 7-10 Yr Treas. Bond ETF (IEF)

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.

Fears Of Early Fed QE Phase-Out Are Way Exaggerated

Fears of early Fed QE phase-out are way exaggerated. Fed minutes noises are most likely another Fed fake... expect QE thru all of 2013. - in Twitter 

Related: SPDR SP 500 ETF (SPY), SPDR Gold Trust ETF (GLD)

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.