Receive these posts via Email

Thursday, August 21, 2014

Roubini: Skilled worker vs Blue Collar worker

Roubini says the Fed is caught in a position where it needs to do more to help the economy, but at the same time, it's beginning to create new bubbles. He referred to what he sees now as "frothiness," pointing in particular to housing, junk bonds, and, potentially, bitcoins. But in two or three years time, Roubini says we could have a problem that leads to another financial crisis. "Capital will do well, and skilled labor will do well. Blue collar workers, not as much."

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

Popular Posts This Month

Nouriel Roubini nicknamed Dr. Doom and lately Dr. Realist by CNBC , is a professor of economics at the Stern School of Business, New York University and chairman of RGE Roubini Global Economics, an economic consultancy firm . Prof. Nouriel Roubini A world-class economist who offers an unflinching look at the global meltdown and distinctive insights into its course going forward. His research on financial crisis in emerging economics has yielded a unique and now vindicated approach to future collapses. Roubini speaks on the global economic outlook and its implications for the financial markets. From his analysis of past collapses of emerging economies, he has identified common factors that support his predictions of crisis in the US and world markets. He has held several high-level advisory positions in the US government and international finance organisations, published numerous policy papers and books on key international macro-economic issues and is regularly cited as an authority in