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Friday, April 30, 2010

Nouriel Roubini on The Milken Global Conference 2010

Roubini vs. Milken on Global Markets


U.S is in worst shape than Greece! Nouriel Roubini Discusses U.S.. Government Deficits-
Nouriel Roubini : “The trouble is if you are a private sector company you live and work in a market and unless you become more efficient you do not survive and you disapear , while in the case of governments that never happens , and if governments become effectively insolvent they default on their debts and that’s what may be happening soon in Greece and in the rest of the Eurozone and eventually what may happen soon in other advanced economies.”



Thursday, April 29, 2010

Roubini : Advanced Economies to grow slower

Nouriel Roubini, Co-Founder & Chairman,of RGE Roubini Global Economics, interviewed by the EconomicTimes of India
Roubini :"in my view, the growth is going to look better in US and also advanced economies in the first half because of a number of temporary factors: the fiscal stimulus, restocking of inventories, base effects in US, the government temporarily hiring immigrant workers to do a census that they do every 10 years, a series of tax policies like cash for clunkers on cars and tax credit for homebuyers and so on. So those are all affects that are going to fizzle out by the second half of the year and I see the weakness of the US household sector keeping the consumption growth weak overtime given that income growth is anaemic, labour income growth is anaemic and wealth relative to income is no low compared to the past. That implies that the private demand does not recover fast enough and the policy affects phased out, then you could have growth falling back towards 1.5% to 2%. It is well below a potential 3%. "


Wednesday, April 28, 2010

Roubini : The Eurozone is on the verge of breaking up

NYU's Roubini Says Greece Wasn't Ready to Join EU


April 28 (Bloomberg) -- Nouriel Roubini, a professor at New York University, talks with Bloomberg special correspondent Willow Bay about the impact of the Greek fiscal crisis on the European Union. Roubini also discusses the outlook for the U.S. economy. They speak at the 2010 Milken Institute Global Conference. Bloomberg's Pimm Fox also speaks. (This is an excerpt of the full interview. Source: Bloomberg)

Roubini : The European Union Could Break-up

Roubini sees 'significantly rising' risk that European monetary union will rip apart



Economist Nouriel Roubini, the famed Dr. Doom of the global financial crisis, doesn’t need much of a push to wax pessimistic. So the news Tuesday that Greece’s credit rating had been cut to junk status was like pitching him a softball right down the middle.

At a panel at the Milken Institute Global Conference in Beverly Hills, Roubini worried that Greece’s financial woes -- and more important, the deepening fiscal problems of its European neighbors Portugal and Spain -- could batter global credit markets, disrupt the economic recovery and potentially tear apart the 11-year-old European monetary union.

“The reality is that what has happened in the last few months is the first test of the viability of the European market” and the euro currency, Roubini said, adding that the possibility of the European monetary union coming apart is “significantly rising.”
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Wednesday, April 21, 2010

Roubini : Sovereign Debt Crisis Likely to Spread

The sovereign debt crisis facing Europe, which started in Greece, is spreading to many other large economies in the Organization for Economic Cooperation and Development (OECD), according to New York University professor of economics Nouriel Roubini.


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Sunday, April 18, 2010

Roubini : Dubai crisis means market must contend with credit hits

Dubai crisis means market must contend with credit hits: Roubini

Roubini Dr. Realist or Dr. Doom ?

Roubini's Popularity vs. S&P 500 according to Google Trends?


This Turkish blogger http://ekonomiturk.blogspot.com came to the conclusion that Nouriel Roubini is rather a Dr. Doom and not Dr. Realist , to demonstrate this he used Google Trends and tried to compare the results for the phrase "Nouriel Roubini" and that of "S&P 500 index"
he found out that The correlation coefficient between S&P 500 and “Roubini” index is -0.685; the correlation coefficient between S&P 500 and 8-week moving average “Roubini” index is -0.83. The correlation coefficient is greater when we use the 8 week average because it smooths out those days when Roubini’s name is cited by major media outlets and gets disproportional attention.
Read more about this amazing discovery here >>>

Roubini New Book Crisis Economics : A Crash Course in the Future of Finance

Nouriel Roubini New Book Crisis Economics : A Crash Course in the Future of Finance will be released on May 11, 2010.


You can pre-order on Amazon.com Roubini's new book - Crisis Economics A Crash Course in the Future of Finance - to be published by Penguin on May 11th See but you can pre order it now...:




Wednesday, April 14, 2010

Nouriel Roubini in Turkey

Roubini to visit Turkish province of Bursa on April 21


Nouriel Roubini, one of the first economists to seen the impending global economic crisis, will hold a conference in the northwestern province of Bursa on April 21.

Ferit Sünneli, chairman of the Automotive Industry Exporters Union, or OİB, said in a written release that the conference was originally scheduled for April 7, but was postponed because of Roubini's health problems. Roubini’s state of health improved, and the conference was rescheduled for April 21, said Sünneli.

“I hope that the postponement of our conference due to the illness of our guest speaker will be understood and appreciated by the attendants and the public. I wish Professor Nouriel Roubini a speedy recovery,” he said.
read more

Tuesday, April 13, 2010

Roubini on The Fed Monetary Policy, U.S. Economy

April 13 (Bloomberg) -- New York University Professor Nouriel Roubini talks with Bloomberg Television about Federal Reserve monetary policy and the U.S. economy. (This report is an excerpt of the full interview. Source: Bloomberg)



Tuesday, April 6, 2010

Nouriel Roubini view on Emerging Markets

Roubini Outlook for U.S. Stock Market in 2010

New York University Professor Nouriel Roubini talks with Bloomberg's Carol Massar and Matt Miller about the U.S. federal budget deficit and the outlook for the stock market in 2010.


Monday, April 5, 2010

No risk of a double dip - Christian Menegatti of RGE

Christian Menegatti, VP for global economic research at RGE Roubini Global Economics says while there is no risk of a double dip, growth in Q2 will be heavily below potential. He explains his views to CNBC's Karen Tso, Martin Soong & Sri Jegarajah.










Roubini and Jim Walker founder of Asianomics on China and credit

China tightens credit further, Roubini says move necessary

Investors have grown increasingly jittery over China's steps to limit the availability of credit. Chinese banking authorities have instructed some major banks to stop new lending for the rest of January after loan growth surged in the first few weeks of the year. This move comes after China raised bank reserve requirements last week.

RGE Arnab Das on Dubai Crisis

Dubai crisis means market must contend with credit hits: Arnab Das of RGE Roubini Global Economics :

Saturday, April 3, 2010

Roubini on India Economic Reforms

Sustainable economic growth is key to maintain valuations


The potential growth in the emerging markets is higher than that in the developed markets , it ranges between five six percent to as high as ten percent says Nouriel Roubini


Friday, April 2, 2010

Nouriel Roubini on India vs China and Emerging Markets

Nouriel Roubini India vs China

Roubini : India has edge over China as it is less open


MUMBAI: Emerging markets are behind the curve in tightening monetary policy, according to Prof Nouriel Roubini of Stern School of Business in New York, more famous for his prediction of the crisis in the United States. Addressing a private gathering of... FULL ARTICLE AT ECONOMIC TIMES

Roubini amongst The 10 new gurus you should know according to CNN Money

Nouriel RoubiniNouriel Roubini Professor of economics at NYU Stern School of Business, New York City was chosen by CNNMoney amongst the 10 new gurus you should know , dr. Roubini nicknamed Dr. Doom became famous when he predicted the Housing market collapse back in 2006
source CNNMoney.com
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 the media..Roubini speaks fluently English Italian Farsi Turkish and Hebrew . After receiving BA in political economics at Bocconi University in Milan northern Italy , and doctorate in international economics at Harvard University, he began academic research and policy making by teaching at Yale while also spending time at the International Monetary Fund (IMF), the Federal Reserve, World Bank, and Bank of Israel. Much of his early studies focused on emerging markets. During the administration of President Bill Clinton, he was a senior economist for the Council of Economic Advisers, later moving to the United States Treasury Department as a senior adviser to Timothy Geithner, who is now Treasury Secretary.

In 2008, Fortune magazine wrote that: "In 2005 Roubini said home prices were riding a speculative wave that would soon sink the economy. Back then the professor was called a Cassandra. Now he's a sage." In September 2006, he warned to a skeptical IMF that: "The United States was likely to face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence, and, ultimately, a deep recession." He also foresaw "homeowners defaulting on mortgages, trillions of dollars of mortgage-backed securities unraveling worldwide and the global financial system shuddering to a halt". The New York Times labeled him "Dr. Doom", whereas, in hindsight, IMF economist Prakash Loungani has called him "a prophet".
As Roubini's descriptions of the current economic crisis have proven to be accurate, he is today a major figure in the U.S. and international debate about the economy, and spends much of his time shuttling between meetings with central bank governors and finance ministers in Europe and Asia. Although he is ranked only 410th in terms of lifetime academic citations,
Prospect Magazine, in January 2009, voted him #2 on its "list of the world’s 100 greatest living public intellectuals". In 2009, Roubini was ranked #4 on Foreign Policy magazine's list of the "top 100 global thinkers", and named one of the 100 most influential people in the world by Time magazine. He has recently appeared before Congress, the Council on Foreign Relations, and the World Economic Forum at Davos.

Roubini China, U.S. are on collision course

Roubini China, U.S. are on collision course

NEW YORK -- The U.S. and China are on a “collision course” over the value of the Chinese currency and investors are underestimating the disruptions for global financial markets, according to Nouriel Roubini. “The risk of a collision course on China's FULL ARTICLE AT CHINA POST

Thursday, April 1, 2010

Nouriel Roubini outlook for the 2010 Economy

Renowned economist Nouriel Roubini gives his perspective of what economic challenges U.S. will face in 2010 and answers CitizenTube users' questions on the financial crisis.



Nouriel Roubini on Top 25 Market Movers

Nouriel Roubini on Top 25 Market Movers
Dr. Doom Nouriel Roubini was chosen by the magazine USNews as the 21st amongst 25 Top Market Movers in the world

Read more here

Roubini Says IMF Aid for Greece Would Be Cleaner Than Leaders Compromise

Roubini Says IMF Aid for Greece Would Be Cleaner Than Leaders Compromise

MARCH 26, 2010
By Jana Randow and Rishaad Salamat March 26 (Bloomberg) — Nouriel Roubini , the New York University professor who predicted the financial crisis, said a rescue plan for Greece by the International Monetary Fund would have been “cleaner” than the deal endorsed yesterday by leaders of the 16-nation euro region. “It’s a compromise between the German views where they wanted to have a greater role of the IMF in the support of Greece and the views of the rest of the euro zone, especially France, where they wanted a European solution,” Roubini said in a Bloomberg TV interview today. “An IMF solution would have been a cleaner one because the IMF has the experience” in providing financial aid to struggling countries

Source:
Roubini Says IMF Aid for Greece Would Be Cleaner Than Leaders’ Compromise







Nouriel Roubini on the Coming Commodities Correction

Nouriel Roubini on the Coming Commodities Correction

Nouriel Roubini on the Coming Commodities Correction





Nouriel Roubini on the Coming Commodities Correction

by: Hard Assets Investor

March 25, 2010

From crude to copper, from gold to silver, most commodities have been on a tear lately—but is the rise too much, too fast?

So says Dr. Nouriel Roubini, professor of economics at New York University's Stern School of Business and chairman of the RGE Monitor. Best known for his accurate predictions of the current financial crisis back in 2005, Dr. Roubini now argues that the world has set itself up for another bubble in risky assets, like commodities—and when the bubble pops, it won't be pretty.

HAI Associate Editor Lara Crigger caught up with Dr. Roubini at the "Inside Commodities" conference on Nov. 4, where he shared his thoughts on global commodities markets, including why we can't look to China to drive global growth, how $100 oil would tip us back into recession, and what will happen when the commodities bubble finally pops.
Read Entire interview

Roubini Sees Trade War If U.S. Calls China Currency Manipulator

Nouriel Roubini on China Vs USA Bloomberg
By Jana Randow and Rishaad Salamat
March 26 (Bloomberg) -- Nouriel Roubini, the New York University economist who predicted the financial crisis, said U.S. lawmakers may spark a trade war by labeling China as a “currency manipulator.”
“With unemployment at 10 percent and more than 130 Congress people saying we should brand China as a manipulator, the probability the U.S. is going to do that in its mid-April report is significant, I would say at least 50 percent,” Roubini told Bloomberg Television today in Cernobbio, Italy. “That could lead to a trade war, absolutely.”
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