Receive these posts via Email

Friday, May 22, 2015

Long-term Interest Rates are going to go Higher



"It's not going to be a significant surprise. As the economy recovers, as inflation goes higher, gradually long-term interest rates are going to go higher,"





Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Thursday, May 21, 2015

The Dollar appreciated much faster than anyone expected


Until recently, U.S. policy makers were not overly concerned about the dollar’s strength, because America’s growth prospects were stronger than in Europe and Japan. Indeed, at the beginning of the year, there was hope that U.S. domestic demand would be strong enough this year to support GDP growth of close to 3%, despite the stronger dollar. Lower oil prices and job creation, it was thought, would boost disposable income and consumption. Capital spending (outside the energy sector) and residential investment would strengthen as growth accelerated.

But things look different today, and U.S. officials’ exchange-rate jitters are becoming increasingly pronounced. The dollar appreciated much faster than anyone expected; and, as data for the first quarter of 2015 suggest, the impact on net exports, inflation, and growth has been larger and more rapid than that implied by policy makers’ statistical models. Moreover, strong domestic demand has failed to materialize; consumption growth was weak in the first quarter, and capital spending and residential investment were even weaker. -- in Project-Syndicate







Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Wednesday, May 20, 2015

Booming Art Market suggests Speculative Bubble



Nearly 180 million dollars paid at auction for a Picasso painting a collector. A new auction record. And for some, another indication that we are dealing with a speculative bubble, and perhaps also with the peak of the current cycle share. source >>>



Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Tuesday, May 19, 2015

Nouriel Roubini on Italian political risk and emerging mark




 Sept. 6 (Bloomberg) -- New York University economics professor Nouriel Roubini comments on the state of the U.S. economy from Cernobbio, Italy. He speaks ...

Martin Baily: President Obama and Congress should quietly plan for another European financial crisis, and ensure that after the changes in U.S. financial regulations following the last crisis,...




Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Saturday, May 16, 2015

Boom Bubbles & Busts are normal part of Markets


What we need to understand is, one, that there are market failures; and two, that there are things like asset bubbles and irrational exuberance. There are periods of booms, bubbles, and manias. These things, if left to themselves, can lead to crashes, to busts, to panics.







 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics