Wednesday, August 31, 2011
Monday, August 29, 2011
Sunday, August 28, 2011
Saturday, August 27, 2011
Thursday, August 25, 2011
Wednesday, August 24, 2011
Nouriel Roubini : well the probability of a double dip recession right now in my view is at least at 50 percent not just in the United States but also in most of the periphery of the Eurozone the united Kingdom and Japan had a double dip now they are recovering from the earthquake but their structural growth is anemic , it is a situation in which there was too much debt in the private sector now there is too much debt in the public sector and this painful process of delivering we need to spend less to save more to reduce your debt implies weak economic growth , but the economic growth have now become so weak most of these economies are at a stall sped it is like an airplane that decelerates to the point in which it reaches a stall speed either you accelerate and you get to escape velocity or otherwise you start a free fall
Monday, August 22, 2011
Sunday, August 21, 2011
Saturday, August 20, 2011
Nassim Taleb : I do not think the bad news would be the recession , the bad news is continuing to commit the same mistake , too much debt, the tumor at the center of the system that has not been removed it is when someone makes money and gets a bonus and when they lose money we pay the price , tax payers future generations , the core of the problem is that asymmetry in pay off , socializing the losses and privatizing the gain and the generator of that inequity is still there , what has happen since the crisis , these people got us here and they are raping the benefits as an industry they have not suffered , you have people in the street unemployed people , you have the federal reserve doing everything to finance these bonuses , I am outraged ....the first time we bailed out the bank was in 1982 - 83 during the Reagan years and they said OK this should never happen again but the fact that bailed out the banks then and in 87 again and keep repeating it gave the banks the feeling that they could hijack society to extract that bonus system that is extremely sneaky , since they know that if they are making mistakes someone else will pay for it but if they make the money they get the benefits , in 2008 when they bailed out the banks once again they should've set the ground to remove that problem they did not , the banks today have hijacked the government , it is like inverse of hat the french did they socialized the banks in 1981 while here it is the banks who took over the government , it is not like the banks should be taking more risk or less risk , the banks should be something others than machines to generate themselves bonuses , the banks should be something more like utility , we are bailing them out because they are a utility otherwise we will let them die like other business like the car industry , we should remove that problem that has not been addressed , today the banks are vastly more centralized than they were before the crisis they are much more powerful than they were before they have incredibly snaky lobbying in Washington and it looks like every monetary policy w have had in the United States for about ten years were there to accommodate them and today more than ever , so we have not solved the problems that got us here...we have wasted three years doing nothing but transferring money to the pockets of the bankers ....
Friday, August 19, 2011
Tuesday, August 16, 2011
Monday, August 15, 2011
Sunday, August 14, 2011
Nouriel Roubini appears at around 04:35 in the video
Friday, August 12, 2011
Monday, August 8, 2011
Saturday, August 6, 2011
Nouriel Roubini : they went ahead now for a number of reasons first of all they downgraded a bunch of European countries , and the Europeans were bashing the rating agencies 'why are you downgrading us and not downgrading the United States' , then they cornered themselves at the time of the debt ceiling debate by saying that unless there is a 4 trillion deficit reduction we are going to downgrade you while the other are saying may be not and at this point giving the market volatility in the last couple of days they can downgrade now and if there is going to be turmoil in the markets Monday they could say , Hey it is not our fault , it is may be because there is market volatility the reality is they contributed to the crisis that cause them leading to the downgrade , there is no fundamental reason at this point compared to few months ago for a downgrade the thing that has changed may be right now , there is a great risk of double dip recession and that's may be the only fundamental difference ....
Nouriel Roubini, chairman of Roubini Global Economics LLC, Joshua Rosner, managing director of Graham Fisher & Co. and Jim Bianco, president of Bianco Research LLC talk with Bloomberg's Michael McKee about Standard & Poor's downgrade of the U.S. credit rating to AA+ from AAA. Bloomberg contributor Christina Romer also speaks with Adam Johnson (Source: Bloomberg)
Friday, August 5, 2011
Wednesday, August 3, 2011
Monday, August 1, 2011
Popular Posts This Month
Die Propheten der Krise von 2008 schlagen Alarm http://www.handelszeitung.ch/konjunktur/die-propheten-der-krise-von-2008-schlagen...
Nouriel Roubini Says Invest in Cash avoid risky assets , better be safe than sorry .... Nouriel Roubini is an American professor of Ec...
Many emerging markets are in real trouble. The list includes India, Indonesia, Brazil, Turkey, and South Africa, dubbed the Fragile Five b...
What we need to understand is, one, that there are market failures; and two, that there are things like asset bubbles and irrational exubera...
Gold remains John Maynard Keynes’s ‘barbarous relic,’ with no intrinsic value and used mainly as a hedge against mostly irrational fear and...
The economic activity is recovering very anemically. Growth is low, inflation is low, unemployment is high. That is the reason why we hav...
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 cr...
The global economy will grow faster in 2014, while tail risks will be lower. But, with the possible exception of the US, growth will remain...
Fed Chair Yellen’s speech at Jackson Hole- more balanced than dovish http://www.roubini.com/forum#thought.1408727284106 … - in Twitter No...
The problem is not new. Karl Marx oversold socialism, but he was right in claiming that globalization, unfettered financial capitalism...
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