The Challenges of the Greek Crisis

The Greek crisis has abated, but not ended. Representatives of the “troika” of the European Commission, the European Central Bank and the International Monetary Fund returned to Athens for talks with the Greek government about a new bailout. This pause allows an accounting of the many challenges that the events in Greece pose to the international […]

Curbing China’s Growing Narcotics Market

Drug syndicates are struggling to create a foothold in China. It’s time to fight back. If you like to take long walks in Shanghai, this may have been the first summer when you detected something new in the air: the scent of marijuana. It is a sad experience that leaves one apprehensive. Rising threat The […]

The Fed’s Options

RGE’s Kevin Harris has a nice preview of the July FOMC meeting: in brief, FOMC members are locked and loaded, ready for a September hike, though they will refrain from committing to a move and do their best not to cause an overreaction across the yield curve, where too few hikes are priced in relative to the […]

The Fed’s Options

RGE’s Kevin Harris has a nice preview of the July FOMC meeting: in brief, FOMC members are locked and loaded, ready for a September hike, though they will refrain from committing to a move and do their best not to cause an overreaction across the yield curve, where too few hikes are priced in relative to the […]

What’s on China’s Mind?

During my recent visit to China I’ve given a few lectures at the top Beijing universities – Tsinghua, Renmin, Normal, and Beijing – and seminars in some think-tanks and research institutes, including the Center for China and Globalization. I also had couple of meetings with the readers of my new book published in Chinese: “Shi […]

Not Your Granma’s Cuba: A New Day in the Caribbean

Much has changed since Fidel Castro arrived on the Granma yacht in 1956. On July 20, 2015, Cuba and the United States reopened their embassies in Washington and Havana for the first time in decades, marking a crucial step towards the normalization of relations. Yet, while much attention will be placed on these international developments, […]

The Crafty Saudis: How They’re Sustaining Low Oil Prices

The oil market continues to be oversupplied and barrel prices remain low. It’s mostly the Saudis’ doing, and its part of their strategy to replace OPEC with a new Global Corporate Oil Board. Their newest tactic is a boost in domestic refining and growth in their refined product exports. Where does everyone else stand, and […]

EconoMonitor — Special Announcement

NEW YORK, Jul 21, 2015 — Roubini Global Economics, a leading provider of independent, global macroeconomic research, today announced the formation of EconoMonitor LLC, a new joint venture between Roubini Global Economics and Ashmore Media Group. In August 2015, EconoMonitor LLC will be relaunching the EconoMonitor blog, a community for informed commentary on economic, financial, […]

Troj(ik)an war

In economics you need imagination that goes beyond conventional patterns of thought which are incompatible with the fast, sometimes quite dramatically, changing reality. In politics, which is defined as the ability to leverage opportunities that come our way, imagination is even more needed. What if someone plants some kind of a Trojan horse on us… […]

Illiberal Liberalism: An Existential Threat to Europe

Greece is back to centre of European history, and there it stands like a paradigm. The way Europe deals with Greece reflects Europe’s own image like a mirror. Europe after the Greek crisis will no longer be the same as it was before. In a fine essay on so-called “neoliberalism” published by the European Institute […]

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