Receive these posts via Email

Monday, October 18, 2010

Roubini : the stock market is going to correct

Nouriel Roubini : .....the stock market is going to correct, credit spends are going to widen, there will be a negative world effect on consumption investment, the cost of capital is going to rise and then you have another shock to the real economy that went in a vicious circle in which you can go off the cliff. That is what we are facing right now, the banks are sitting on a trillion dollar of excessive reserves, they are not lending it whether it is credit supply or demand.
NOURIEL ROUBINI BLOG

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