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Friday, August 28, 2015

IMF Appoints Maurice Obstfeld as Economic Counselor -- Excellent choice!



Nouriel Roubini ‏: IMF Appoints Maurice Obstfeld as Economic Counselor and Director of the IMF's Research Department https://www.imf.org/external/np/sec/pr/2015/pr15343.htm … Excellent choice! - Nouriel via Twitter







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, August 27, 2015

A Financial Early-Warning System


NEW YORK – Recent market volatility – in emerging and developed economies alike – is showing once again how badly ratings agencies and investors can err in assessing countries’ economic and financial vulnerabilities. Ratings agencies wait too long to spot risks and downgrade countries, while investors behave like herds, often ignoring the build-up of risk for too long, before shifting gears abruptly and causing exaggerated market swings.
Given the nature of market turmoil, an early-warning system for financial tsunamis may be difficult to create; but the world needs one today more than ever. Few people foresaw the subprime crisis of 2008, the risk of default in the eurozone, or the current turbulence in financial markets worldwide. Fingers have been pointed at politicians, banks, and supranational institutions. But ratings agencies and analysts who misjudged the repayment ability of debtors – including governments – have gotten off too lightly.

In principle, credit ratings are based on statistical models of past defaults; in practice, however, with few national defaults having actually occurred, sovereign ratings are often a subjective affair. Analysts at ratings agencies follow developments in the country for which they are responsible and, when necessary, travel there to review the situation.

Read more at http://www.project-syndicate.org/commentary/financial-early-warning-system-by-nouriel-roubini-2015-08#b0VZFUhQsiuWqiER.99








 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, August 25, 2015

Outlook of the world economy - Roubini Global Economics - National Oil Companies Congress 2013

 Nouriel Roubini, Founder and Chairman of Roubini Global Economics gives his keynote address on 'What is the outlook of the world economy











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

Monday, August 24, 2015

Roubini Predicts The Break-up of The Eurozone






 American economist Nouriel Roubini said on Wednesday that the Eurozone will break up unless the member states restore economic growth.
The New York University professor was speaking at a conference organised by IG Metall, Germany's biggest trade union, in Berlin.
He said that the Eurozone was not paying enough attention to job creation and GDP growth, because it was too focused on austerity.
"If I had to propose policies that change that historic road I would say we have to postpone the fiscal austerity in the periphery and do it more gradual, slower rather than faster. In countries like Germany where there is fiscal space instead of doing fiscal austerity now you have to postpone it and you have to do fiscal stimulus," he said.
Roubini went onto say that the fiscal compact will lead to weaker economic growth and deepen recession in the Euro area in 2013.
"And unless we restore that economic growth eventually this crisis is going to get worse and we will have a break up of the Eurozone," he said, "and unfortunately those who are resisting the most, those stimulative policies come in the core of the Eurozone and come in the government of Germany - this resisting policy that would try to restore job creation and job growth in the periphery of Eurozone. So unless we do that eventually the crisis could get worse rather than get better."




 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, August 22, 2015

Nouriel Roubini Says Chinese Economy Will See 'Bumpy Landing'







Nouriel Roubini, chairman of Roubini Global Economics LLC and a professor at New York University's Stern School of Business, talks about the global economy, central bank policies and financial markets. He speaks with Tom Keene, Michael McKee, Brendan Greeley and Vonnie Quinn on Bloomberg Television's "Surveillance." (Source: Bloomberg) 




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