Thursday, May 31, 2012
Wednesday, May 30, 2012
Tuesday, May 29, 2012
Monday, May 28, 2012
Sunday, May 27, 2012
Saturday, May 26, 2012
Friday, May 25, 2012
The day after the Minister of Economy and Competitiveness, Luis de Guindos, announced that the government will inject "all the capital necessary" in the nationalized Bank Bankia, famed economist Nouriel Roubini says in this interview that "it is wrong strategy for the Spanish government to put money in the banks. "In his view, this would cause "to trigger the public debt to grow further and that the state loses more credibility and solvency." Roubini believes that the most appropriate measure should come directly from the European rescue fund (ESFS). It also warns that "there may be a banking reform plan in six months" and that Spain "would have to choose a single most ambitious strategy" to stabilize the financial sector.
Thursday, May 24, 2012
Wednesday, May 23, 2012
Tuesday, May 22, 2012
Monday, May 21, 2012
Sunday, May 20, 2012
Saturday, May 19, 2012
Like a doomed marriage, it is better to have rules for the inevitable divorce that make separation less costly to both sides. Make no mistake: an orderly euro exit by Greece implies significant economic pain. But watching the slow, disorderly implosion of the Greek economy and society would be much worse. - in project-syndicate
Friday, May 18, 2012
Thursday, May 17, 2012
Greece’s recent financing package, overseen by the Troika, gave the country much less debt relief than it needed. But, even with significantly more public-debt relief, Greece could not return to growth without rapidly restoring competitiveness. And, without a return to growth, its debt burden will remain unsustainable. But all of the options that might restore competitiveness require real currency depreciation.- in project-syndicate
Wednesday, May 16, 2012
Tuesday, May 15, 2012
Monday, May 14, 2012
Sunday, May 13, 2012
Saturday, May 12, 2012
Click here to watch the interview>>>>>
Friday, May 11, 2012
Nouriel Roubini : " CERTAINLY THERE IS A RISK OF CONTAGION. THE TRADE LINK BETWEEN EUROPE AND U.S. ARE MODEST BUT THE FINANCIAL LINKS ARE IMPORTANT. IN THE SPRING OF 2010 WHEN THERE WAS THE FIRST GREEK CRISIS, YOU HAD THE CORRECTION OF 20% NOT ONLY OF EUROPEAN EQUITY BUT THE U.S. EQUITY. LAST SUMMER WHEN WE HAD THEWORRIES ABOUT THE EUROZONE PROBLEM SPREADING TO SPAIN AND ITALY, IT WAS A 20% CORE ACTION IN EUROPE. ALMOST AS MUCH AS CORE ACTION IN EMERGING MARKET IN THE UNITED STATES. WHEN TROUBLE OCCURS IN THE EUROZONE THE RISK OF SOMETHING DISORDERLY IMPLIES THE RISK IS OFF, RISK AVERSION IS HIGH AND THAT AFFECTS GLOBAL EQUITY MARKETS NOT JUST THOSE IN THE EUROZONE."
Thursday, May 10, 2012
Wednesday, May 9, 2012
Tuesday, May 8, 2012
Monday, May 7, 2012
One of the world's most influential economists, Nouriel Roubini will sit down for a wide-ranging conversation about his outlook for the year ahead - and, of course, the downside risks to watch. It seems the U.S. economy has turned the corner, but he believes austerity is deepening Europe's woes and China could be in for a hard landing. With plenty of fast and furious commentary, Roubini will offer his take on where the global economy is headed.
Sunday, May 6, 2012
Saturday, May 5, 2012
“The optimists today are saying the U.S. is on the cusp of a self-sustaining recovery,” he said, adding: “My view of it is: The data suggest that we’ll be lucky if this year we’re going to grow [by] barely 2%.” Nouriel Roubini said at the Milken Institute’s 2012 Global Conference in Beverly Hills.
Friday, May 4, 2012
“The optimists today are saying the U.S. is on the cusp of a self-sustaining recovery,” he said, adding: “My view of it is: The data suggest that we’ll be lucky if this year we’re going to grow [by] barely 2%.” Roubini said at the Milken Institute’s 2012 Global Conference in Beverly Hills. - via LA Times
Thursday, May 3, 2012
"But if enough of those countries do that, the collateral damage in terms of losses to the creditors is going to be massive. So a breakup is going to be a mess." - in CNN Money
Wednesday, May 2, 2012
Tuesday, May 1, 2012
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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