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Friday, December 30, 2011

Roubini sees threat of 2012 collapse in Hungary

Nouriel Roubini : "The government’s insistence on its unorthodox policy mix, together with an ill-founded hope that international lenders will eventually drop their provisions, will keep IMF loan talks on the backburner in the near term," - in portfolio.hu

Tuesday, December 27, 2011

Nouriel Roubini vs. Ron Paul

"Ron Paul: appealing to black helicopter paranoids, white supremacists, gold standard freaks, laissez faire wackos, antisemites and racists" says Nouriel Roubini in a twitter message "NYT: many Ron Paul supporters are white-supremacists, anti-semites, racists and gold bugs blaming "jewish bankers" and the Fed for all evil" he added in another message "He is an hypocrite NYT: Ron Paul Disowns Extremists' Views but Doesnt Disavow the Support " he explained in another message , obviously Nouriel Roubini is not fan of Ron Paul and his followers as much as he is not a fan of the gold bugs

Friday, December 23, 2011

a perfect storm of a double-dip recession in the U.S. By 2013

Nouriel Roubini : "It will become clear in 2012 that this game of `kicking the can down the road` is a zero-sum game," he wrote in an article published on the Financial Times website "By 2013 at the latest, but possibly already in 2012, a perfect storm of a double-dip recession in the U.S., a disorderly scenario in the euro zone and a hard landing in China could materialize," he added - via CNBC

Thursday, December 22, 2011

Initial estimate of GDP systematically biased up

The Initial estimate of GDP systematically biased up says Nouriel Roubini in a recent twitter message , "Q1 (Q3) growh initially estimated at 1.5% (2.5) then sharply revised downward to 0.4% (1.8).Initial estimate of GDP systematically biased up" "As we expected Q3 growth estimate down to 1.8% on much lower discretionary service spending. This is a bias in all initial GDP estimates" he added "Upward biases in initial GDP estimates: consumption of discretionary services; sample of large producers & retailers while SME are slumping" he explained

Wednesday, December 21, 2011

Nouriel Roubini : Double-Dip Recession in the US by 2013

"By 2013 at the latest, but possibly already in 2012, a perfect storm of a double-dip recession in the U.S., a disorderly scenario in the euro zone and a hard landing in China could materialize," Dr. Nouriel Roubini wrote in an article published on the Financial Times "It will become clear in 2012 that this game of 'kicking the can down the road' is a zero-sum game," He explained "The euro zone has been in denial of the fact that some of its member states are insolvent, as well as unable to survive and grow in a monetary union," He added

Tuesday, December 20, 2011

The Eurozone in denial

Nouriel Roubini :  "The euro zone has been in denial of the fact that some of its member states are insolvent, as well as unable to survive and grow in a monetary union," - via CNBC

Sunday, December 18, 2011

2012 Gloomy Outlook Worldwide

Nouriel Roubini : "....recession in Europe, anemic growth at best in the United States, and a sharp slowdown in China and in most emerging-market economies. Asian economies are exposed to China. Latin America is exposed to lower commodity prices (as both China and the advanced economies slow). Central and Eastern Europe are exposed to the eurozone. And turmoil in the Middle East is causing serious economic risks – both there and elsewhere – as geopolitical risk remains high and thus high oil prices will constrain global growth...." - in project syndicate

Saturday, December 17, 2011

Roubini 2012 Outlook : a Bumpy Ride worldwide

Roubini 2012 Outlook Overview: Euro Zone in deep recession; US at stall speed with 50% double dip risk; China sharp slowdown : In his Project Syndicate column entitled The Global Economy Will be "Fragile and Unbalanced in 2012" doctor Nouriel Roubini wrote that "The outlook for the global economy in 2012 is clear, but it isn’t pretty: recession in Europe, anemic growth at best in the United States, and a sharp slowdown in China and in most emerging-market economies," RGE also predict US growth very anemic at 1.4% in 2012 in baseline scenario. But 50% probability of a double dip , and Euro Zone in a deep recession in 2012. Getting worse because of fiscal austerity and China in sharp slowdown but also a Sharper Slowdown Ahead in 2012 for Turkey so 2012 is going to be a Bumpy Ride worldwide worldwide

Friday, December 16, 2011

Nouriel Roubini speech at the Estoril Conferences Portugal

Professor Nouriel Roubini speech at the Estoril Conferences ( Portugal ) under the title : Global Challenges local Answers . Nouriel Roubini talks about globalization the financial and economic challenges in the world today especially the debt problems in the Eurozone and many other issues , later on Professor Roubini answers the audience questions , the Roubini speech starts at around 04:00 in the video.....

Thursday, December 15, 2011

Roubini: Goodbye China, hello Indonesia

In an article on the Financial Times dated October 25, 2011 entitled " Goodbye China, hello Indonesia " Professor Nouriel Roubini was very bullish about the Indonesian economy which has low inflation, low debt, young demographics and accelerating growth unlike China which heading for a hard landing , Finally Fitch Ratings has upgraded Indonesia’s long-term, foreign and local, currency issuer default ratings to investment grade (to ‘BBB-’ from ‘BB+’) a move that has Nouriel Roubini’s blessing as he wrote himself in a twitter message "Indeed Indonesia deserves that investment grade rating @ChrisAdamsMKTS: In a move that will get @nouriel blessing " he wrote .....

Tuesday, December 13, 2011

Mafia Banks & Economic Crisis with Roberto Saviano & Nouriel Roubini: Two Perspectives on the Crisis

New York University's Department of Italian Studies Casa Italiana Zerilli-Marimò Global and Joint Program Studies at the Arthur L. Carter Journalism Institute present "Italy and the U.S. Two Perspectives on the Crisis" Featuring: Roberto Saviano and Nouriel Roubini Moderated by: Ruth Ben-Ghiat, Chair, NYU Department of Italian Studies

Roberto Saviano : "We Italians have the best law, the best anti-mafia law in the world and we have taught the world anti-mafia methods. As of today, the majority of the world's most important consultations in anti-mafia matters go through Italy. The investigations we have reported have a lot to do with the Italian approach, with Giovanni Falcone's method, for example. This is how Italians get rid of the unbearable prejudice they are victims of. By talking about it not by hiding it. Not by getting mad at Tony Soprano or Scorsese, but by communicating and showing what Italian history has been, how many victims there have been in order to tell all this. "

Monday, December 12, 2011

Roubini : Eurozone Recession deepening

Professor Nouriel Roubini wrote in a recent twitter message that the Euro Zone recession is deepening now that the summit solved little to nothing "EZ PIIGS spreads widening again now that markets realize that the summit solved little or nothing while EZ recession deepening" he wrote and he predicts to see more recession and a possible French AAA rating downgrade "EZ fiscal compact means that both periphery & core will front-load even more recessionary & deflationary fiscal austerity. Markets noticing" he adds in another message

Saturday, December 10, 2011

Nouriel Roubini speech @ The New America Foundation - 08 Dec 2011

Under the title : U.S. Economy at Risk: What Can Be Done? Professor Nouriel Roubini gave a very informative speech at The New America Foundation in Washington DC , other speekers and Participants are , Liaquat Ahamed Author, Lords of Finance: The Bankers Who Broke the World Daniel Alpert Managing Partner, Westwood Capital Bruce Bartlett Columnist, The Fiscal Times Leo Hindery, Jr. Managing Partner, InterMedia Partners Robert Hockett Professor of Law, Cornell University Consultant, New York Federal Reserve Nouriel Roubini Chairman, Roubini Global Economics

Thursday, December 8, 2011

Nouriel Roubini on the FP 100 Top Global Leaders of 2011

Professor Nouriel Roubini was ranked 30th amongst the Financial policy 100 top global thinkers of 2011 "Rarely has some1 done so well predicting the world." commented about it in one of his tweets

Wednesday, December 7, 2011

Eurozone & UK in Recession - US at risk of Recession

"EZ in recession; UK headed to recession; US at recession risk given weak growth, fiscal drag, EZ shocks, housing, oil; China slowing sharply," Professor Nouriel Roubini wrote in one of his many tweets on the Twitter .

Monday, December 5, 2011

Germany Outlook: Stagnation in 2012, Recession in 2013

Nouriel Roubini and RGE forecast a Stagnation in Germany during 2012 and a Recession for 2013 .....Roubini also says that Italy’s public debt is unsustainable that the Mario Monti package: fiscal adjustment is significant but what will it restore growth? he asks and that the Eurozone is already in Recession.....

Sunday, December 4, 2011

China Hard Landing as predicted by Nouriel Roubini

China hard Landing is happening as was predicted by Professor Nouriel Roubini/RGE in a WSJ article "Indeed RGE/myself have predicted the coming China hard landing China's Hard Landing " Roubini reminds us via twitter
One must remember that while China was putting in all of these underutilized projects, they helped commodities to soar. I think that bubble is about to burst too.

Friday, December 2, 2011

Roubini : Time To Go To Plan B On Italy

Nouriel Roubini : "If, as appears likely, Italy remains stuck in an uncompetitive recession and is unable to regain market access in the next twelve months, then even if such large official resources were mobilised, they would be wasted on financing investors’ exit and thus postponing an inevitable debt restructuring that would then be more disorderly." - via Business Insider

Thursday, December 1, 2011

Roubini : Inequality is sharply rising in America

Professor Nouriel Roubini noted that Inequality is sharply rising in America , he wrote in a twitter message : "Based on Q3 data labor share of income has collapsed to an all time low of 57.1%. Average before 2000 was 63.9%.Inequality is sharply rising"
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