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Tuesday, June 28, 2011

Nouriel Roubini - Global Financial Forum

Nouriel Roubini : a year ago the real economy was really in free fall , the falling output the employment demand export import was parallel on what was going on in 1929 and 1931 , and I think that after the collapse of Lehman the policy makers that have been behind the curve they looked into the base they realized that there was a risk of another depression and you have to command them for taking the very aggressive policy action that stabilized the global economy first bottoming out and out to the beginning of the recovery ,....

Wednesday, June 22, 2011

Roubini : The Euro zone split is imminent

Economist Nouriel Roubini wrote in the Financial Times last week that a euro zone split was "imminent" because the EU had failed to address the issues of competitiveness and economic convergence.

Saturday, June 18, 2011

Roubini : Good Chance of QE3 by year-end

The probability of QE3 will become "significantly higher" if US economic weakness persists and the stock markets correct 10 percent or more.
"Especially because we cannot do another round of fiscal stimulus, the pressure is going to be on the only policy that is available,  which is another round of quantitative easing," Nouriel Roubini told CNBC recently

Friday, June 17, 2011

Nouriel Roubini - Forum Invest Finance 2011

Professor of economics Nouriel Roubini Economic Analyst, Co Founder of Roubini Global Economics, speaking during the Forum Invest Finance 2011 in Bucharest Romania May 24-26 2011 , he spoke about Greece debt its implications on the other European countries the ECB policy dealing with the Greek's debt , Portugal Ireland and Spain's debt situations

Thursday, June 16, 2011

A Black Swan event can occur in the next few years

A Black Swan event can occur in the next few years that could lead a 40 percent decline in the S&P, : "from universea investments a $6 billion hedge fund. that hedge fund advised by black swan author, Nicholas Taleb. Kate Kelly obtained a warning. black swan author talib one of the most famous bears out there and now his fund which specializes in positioning clients for extremely negative market scenarios is taking this stunningly bearish position. in a research paper distributed to clients of the fund this week, mark spitnagel argues the likelihood of, are you sitting down, a 40% correction. his dire prediction is based on a look of a 110 years of equity market history and how it core lates to a a metric which is called the cue ratio, a company divided by its total assets, based on past history he asserts the current q ratio of about 1.04, s&p stocks are significantly overvalued and that there's a 20% chance of a more than 40% correction in the offing."

Monday, June 13, 2011

Roubini : perfect storm of economic disasters may smash the global economy in 2013

"There are already elements of fragility,". "Everybody's kicking the can down the road of too much public and private debt. The can is becoming heavier and heavier, and bigger on debt, and all these problems may come to a head by 2013 at the latest." Bloomberg quotes Nouriel Roubini as saying
The US economy will never ever, ever, ever, ever recover until it returns manufacturing to its shores. Manufacturing in China is not making it, no matter how cheap the price and crummy the goods.the federal government has projected large deficits for the entire duration of its budget projection. now it wants to increase its debt without any demonstrative means to repay it. eventually, creditors will wise up and refuse to lend to these reckless fools. eventually, the federal government will go broke unless it learns to live within its means. the same holds for the reckless fools in Europe.


Nouriel Roubini's perfect storm consists of four factors:

-The U.S.'s basket-case of an economy and budget deficit,
-A potential slowdown in China,
-European debt restructuring and
-the Stagnation in Japan.
The problem seems to be that no one in the entire world believes "That there is no such thing as a free meal!" When will the world and the USA governments wake up and realize that you cannot spend money that is not backed by something of value. And that the value of something is what some one else can and is willing to pay for it

Sunday, June 12, 2011

QE3 will come at year end ?

Christian Menegatti, Vice President, Global Economic Research at Roubini Global Economics says QE3 will be smaller and come at year end if it happens at all.

Wednesday, June 8, 2011

The global economy is a glass that is half full and half empty

Nouriel Roubini , professor of economics at New York University and the chairman and founder of Roubini Global Economics, told the crowd at at REIT Week 2011 in New York : “The global economy is a glass that is half full and half empty,”“There are many positive trends,” “but there are also a number of downsides.” Those downsides include sovereign risk that remains quite high globally, with large amounts of public debt. Also the Eurozone, though causing less concern this year than last, continues to be troublesome, particularly the smaller countries on the fringe of the union. - in www.globest.com

Christine Lagarde will be The European Candidate for IMF says Roubini

Economist Nouriel Roubini  who predicted the global financial crisis, talks to bloomberg about the effect of DSK Dominique Strauss-Kahn's resignation as head of the International Monetary Fund and his possible successor.Nouriel Roubini speaking from Milan , he says that Christine Lagarde will be probably the European candidate and that USA will understand that because it does not want to lose the control over the World Bank traditionally run by an American while the IMF is traditionally run by a European, , Roubini also discusses Greece's debt crisis.

Sunday, June 5, 2011

Keynote speech by Nouriel Roubini - MIPIM 2011

Nouriel Roubini is so far ahead of most Economists intellectually that they won't even try and keep up with him. Larry Sommers response to this lecture would be "Huh? Dr Nouriel Roubini Professor of Economics, NYU's Stern School of Business; Chairman & Co-Founder, Roubini Global Economics.Nouriel Roubini is the co-founder and chairman of Roubini Global Economics and a professor of economics at New York University’s Stern School of Business.From 1998-2000, he served as the Senior Economist for International Affairs at the White House Council of Economic Advisors and then as Senior Advisor to the Under Secretary for International Affairs at the U.S. Treasury Department, helping to resolve the Asian and global financial crises among other issues.The Global economy is a glass half full half empty says Nouriel Roubini who is just back from the Davos meeting at the time of this keynote speech

Saturday, June 4, 2011

Roubini : The Crisis started with too much Private debt and ended with to much Public debt

Nouriel Roubini ...The crisis started with too much private debt and then we socialized the losses and now we have too much public debt and so these sovereign have lost market access and are now being bailed out by super nationals Greece Ireland Portugal are being bailed out by the IMF ECB EFSF EU you name it , but you cannot kick the can down the road from these stock or public debt from private to public to sopra national no one is going to come from the moon or Mars to bailout the IMF or the ECB if the debt is too much and you cannot grow yourself out of that problem , if you cannot save yourself out of the debt problem and if you cannot inflate yourself out of that problem because the ECB is not going to allow inflation ..then there is only one solution debt restructure and debt reduction done in orderly and market friendly oriented way ...

Wednesday, June 1, 2011

Nouriel Roubini : Romania will not join the euro zone in 2015

Nouriel Roubini : I don’t think Romania will join the euro zone in 2015 : Romania will not join the euro zone in 2015 and should wait a year or two to ensure a healthy financial and economical situation, so that it doesn’t follow Greece’s footsteps, said economist Nouriel Roubini in a conference in Bucharest
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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