Central Banks Action Goes Against The Need To Weaken The Euro

Central Banks action on currency swaps is a disguised form of Foreign Exchange intervention to stop US Dollar shortage weakening the Euro. So it goes against the need for weaker Euro. - 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.

PIIGS Need A Weaker Euro, Not A Stronger One

Eurozone's PIIGS (Portugal, Ireland, Italy, Greece and Spain) need a weaker, not stronger Euro, to restore their competitiveness and avoid Eurozone break-up. But Central Banks` swaps action today makes the Euro stronger. - in Twitter

Related: iShares MSCI Spain Index ETF (EWP), iShares MSCI Italy Index ETF (EWI), Bank of Ireland ADR (NYSE:IRE), National Bank of Greece ADR (NYSE:NBG), Banco Santander, S.A. ADR (NYSE:STD), Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA)

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 Fiscal Drag On The US Economy

"If the economy is growing only 1.5 percent to 2 percent and you get a fiscal drag of 1.3 percent — that's the difference between a growth recession and effectively zero growth." - newsmax.com

Related, SPDR S&P 500 ETF (SPY), iShares Russell 2000 Index ETF (IWM)

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.

Twitter Wars: The Gold Standard

Nouriel Roubini decided to ask James Rickards, author of "Currency Wars," why he advocates for a return to the gold standard in his book "currency wars," when it was this return to gold that was a direct cause of the Great Depression. James Rickards responded by pointing out that it was not the return to gold, but rather the return to gold at the pre-WWI price that necessitated deflation, which exacerbated the depression. Nouriel then went to town on Rickards with, what became, full out, personal insults. He called James Rickards "arrogant" and said that the Wizard of OZ is a better read for those who want to understand the gold debate than Currency Wars.

Related, SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV)

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 May Soon Crack

Eurozone slow motion train wreck is becoming an accelerated one, as train reaching a thick brick wall. Markets, both equities and Eurozone bonds, may soon crack.

Related Tickers, iShares MSCI Germany Index Fund ETF (EWG), iShares MSCI Spain Index ETF (EWP), Banco Bilbao Vizcaya Argentaria SA ADR (NYSE:BBVA) Banco Santander, S.A. ADR (NYSE:STD), Deutsche Bank AG USA (NYSE:DB), Credit Agricole SA (EPA:ACA), BNP Paribas SA (EPA:BNP), 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.

EURUSD: We Are Still Far Away From The 2002 Low

In 2002 when there was no risk of sovereign debt crisis or Eurozone break-up EUR/USD fell well below parity to 0.8200. So we are still 50 percent away from that. - in Twitter

Tickers, PowerShares DB US Dollar Index Bullish (UUP)

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 May Soon Be Forced To Restructure Its Public Debt

As I wrote in my Financial Times op-ed weeks ago, Italy may soon be forced to restructure its public debt and even that isn't sufficient. - 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.

Excessive Austerity Is Pushing EuroZone Into A Depression

Monti is right to argue that fiscal targets should be cyclically-adjusted. Excessive austerity in a recession is pushing Eurozone into a depression. - 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.

US Economy: Dismal Durable Good Report

Dismal durable goods report implies further downward revision to downward revised 2% Q3 growth & bodes poorly for Q4 growth. Shipments down. - in Nouriel`s Official Twitter

Tickers, SPDR S&P 500 ETF (SPY), ProShares UltraShort S&P500 ETF (SDS)

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.

Beauty Contest: Who Is The Least Ugly?

The dollar & US Treasuries are like a beauty contest where the issue is not who is the prettiest or most handsome but who is the least ugly. - in NR`s Official Twitter

ETFs, ProShares UltraShort 20+ Year Treasury ETF (TBT), iShares Barclays 20+ Year Treasury Bond ETF (TLT)

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.