Tuesday, July 31, 2012
Dr. Doom 2013 prediction: Economist Nouriel Roubini recently stated that a "perfect storm" for economic disaster is currently brewing, and he stands behind his beliefs. Considering Roubini is the guy who accurately predicted the country's previous financial disaster, it's safe to assume that countless buttholes are being clenched whenever this guy has something to say. And while you may think the 2008 crisis was the worst that could happen, Dr. Doom feels that 2013 is going to be much worse. Roubini, who teaches at New York University's Stern School of Business, explained the economic disaster looming on the horizon could cause the global financial system to "grind to a halt", which isn't the sort of thing you want to hear when you're attempting to keep your family's heads above water. Most folks are still trying desperately to regain the foothold they lost during 2008′s disaster, never mind preparing for a much larger problem down the road. Dr. Doom's theory: Tax increases and spending cuts will push the United States into yet another recession. This, combined with Europe's debt crisis, China's wonky economy, and a potential military presence in Iran, could shove most of the civilized world towards a complete collapse. The problem, of course, is that we're quickly heading towards the point of no return. Unless something is done immediately to turn the tide, turmoil seems inevitable. "There might be a weak rally because people are being cheered by more quantitative easing by (Chairman Ben) Bernanke and the Fed, but if the economy is weakening, that is going to put downward pressure on earnings growth," Roubini explained.
“targeting the 10-year Treasury at 1 percent, doing credit easing rather than quantitative easing, targeting nominal GDP, price-level targeting and lots of stuff that is more esoteric, Eventually if everything goes wrong, they can even buy equities.” said Nouriel Roubini - in a recent interview with Reuters
Monday, July 30, 2012
Sunday, July 29, 2012
Saturday, July 28, 2012
"I propose Cohen Bros or Bennett Miller to direct op ceremony of next US Olympics rather than usual Hollywood infantile-blockbuster director " says Nouriel Roubini in a twitter message
Friday, July 27, 2012
Thursday, July 26, 2012
Wednesday, July 25, 2012
Tuesday, July 24, 2012
Monday, July 23, 2012
Nouriel Roubini, the NYU economist nicknamed "Doctor Doom" for his prediction of the 2008 financial crisis, believes that events are again turning against the global economy. (July 18, 2012)
Sunday, July 22, 2012
Saturday, July 21, 2012
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" From national to regional sovereign distress: Sicily in Italy;Valencia in Spain. Including such implicit liabilities public debts are higher " He added
Friday, July 20, 2012
The euro zone needs to move quickly toward closer fiscal and political integration or risk falling off a cliff, says NYU economist Nouriel Roubini in this interview with Reuters TV on July 18, 2012
Even this year, the consensus got it wrong, expecting a recovery to above-trend annual GDP growth – faster than 3%. But the first-half growth rate looks set to come in closer to 1.5% at best, even below 2011’s dismal 1.7%. And now, after getting the first half of 2012 wrong, many are repeating the fairy tale that a combination of lower oil prices, rising auto sales, recovering house prices, and a resurgence of US manufacturing will boost growth in the second half of the year and fuel above-potential growth by 2013.
CommentsThe reality is the opposite: for several reasons, growth will slow further in the second half of 2012 and be even lower in 2013 – close to stall speed. First, growth in the second quarter has decelerated from a mediocre 1.8% in January-March, as job creation – averaging 70,000 a month – fell sharply . in project syndicate
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Thursday, July 19, 2012
- A worsening of the debt crisis in Europe
- Tax increases and spending cuts in United Sates that may push the world’s biggest economy into recession
- A hard landing for China’s economy
- Further slowing in emerging markets
- A military confrontation with Iran
according to New York University Economics professor Nouriel Roubini “Next year is the time when the can becomes too big to kick it down (the road)…then we have a global perfect storm,” Roubini told Reuters in a recent interview - in Business Financial Post
Wednesday, July 18, 2012
"There might be a weak rally because people are being cheered by more quantitative easing by (Chairman Ben) Bernanke and the Fed, but if the economy is weakening, that is going to put downward pressure on earnings growth," said Roubini.
Tuesday, July 17, 2012
" Q3 growth could be well below 1% given June sales report and unintended inventory build up. US at stall speed " he added
Monday, July 16, 2012
Nouriel said in a twitter message "So my idea is old @Williamw1: Fascinating context for Libor:in 13th cntry financier R. Lyons was imprisoned & then beheaded for rate rigging " He added in a second message
Sunday, July 15, 2012
Saturday, July 14, 2012
Friday, July 13, 2012
Thursday, July 12, 2012
" Italy pressuring Ger/ECB to act @ReutersJamie: Wow:bank of italy governor says euro zone breakup a possibility,albeit a "remote possibility" " He added
Wednesday, July 11, 2012
" Finland creeping exit from EZ goes on: after opposing flex use of ESM/EFSF it now demands collateral for its share of EFSF Spain bank rescue "
"Finnish PM says the euro area is in a “very dangerous situation” while Finland is doing its best to dig the EZ grave while not falling in it " Roubini added - Finland’s prime minister, Jyrki Katainen, issued a warning Wednesday that the euro’s predicament was as perilous as at any time in the past two years. “This situation is dangerous, very dangerous,” he said in an interview with Finland’s biggest daily, Helsingin Sanomat.
Tuesday, July 10, 2012
Monday, July 9, 2012
Roubini wrote in twitter " 2013 perfect storm scenario I wrote on months ago is unfolding: EZ crisis, US stall speed, China hard landing, EM stall, MidEast time bomb " He added
Sunday, July 8, 2012
July 7 (Bloomberg) -- New York University Professor Nouriel Roubini from Aix-en-Provence, France talks to Bloomberg TV about what he calls "greedy" bankers, the euro-zone crisis and risks facing the global economy in 2013. " ...the incentives of the banks are still to cheat or to do things that are immoral and the only way top avoid that is to break-up this financial supermarket " Roubini says Bankers are greedy and they have been greedy for the last 2000 years he explains " i think that by 2013 the ability of the politicians to kick the can down the road is going to run out of steam , in the Eurozone the slow motion train wreck could become a faster motion train wreck , the US looks like close to stall motion and another recession given the recent economic data the landing of China is becoming harder rather than softer , the other emerging markets are also sharply slowing down all of the BRICKS , China Russia India Brazil also Mexico and Turkey and a lot of other emerging markets partly because of the recession in the Eurozone in the UK and now stall speed in the US and finally there is the time bomb of a potential war between Israel the US and Iran ...so it is a perfect storm...": says Nouriel Roubini
Saturday, July 7, 2012
Friday, July 6, 2012
Thursday, July 5, 2012
"Trifecta today of monetary easing / policy rate cuts: PBOC, BOE & now ECB. A clear sign of how weak global growth is & how worried CBs are" - in twitter
Wednesday, July 4, 2012
Tuesday, July 3, 2012
Monday, July 2, 2012
Sunday, July 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