Nouriel Roubini's Global EconoMonitor

Archive for December, 2010

  • CNBC – Roubini: ‘Housing Prices Can Only Move Down’

    CNBC NetNet — by Ash Bennington

    According to economist Nouriel Roubini, the housing market is in a double dip.

    And negative Case-Shiller Home Price numbers out today only confirm that unpleasant truth.

    More ›

  • Roubini on the Rachel Maddow Show

    Roubini assesses the U.S. Economy on the Rachel Maddow Show – MSNBC. Rachel Maddow Dr. Doom Assesses Efforts to Restart the Economy. Click for Video [6:20]   Post Show Interview. Click for Video [12:30]

    More ›

  • A Survival Strategy for the Eurozone

    From Project Syndicate:

    After the Greek and Irish crises and the spread of financial contagion to Portugal, Spain, and possibly even Italy, the eurozone is now in a serious crisis. There are three possible scenarios: “muddle through,” based on the current approach of “lend and pray”; “break-up,” with disorderly debt restructurings and possible exit of weaker members; and “greater integration,” implying some form of fiscal union.

    More ›

  • Media Reports on RGE’s 2011 Global Economic Outlook and Roubini Videos

    Here are some media reports on RGE’s 2011 Global Economic Outlook: The Telegraph – Nouriel Roubini: What awaits the US, the eurozone and Asia in 2011 The Telegraph – Nouriel Roubini: ‘The economic policy is still lend, pray and hope’ International Business Times – What Roubini predicts for major global economies in 2011 Reuters (Report […]

    More ›

  • Markit Magazine Q&A with Nouriel Roubini: Crisis? Which Crisis?

    Markit Magazine: Crisis? Which Crisis? Nouriel Roubini, the US economist, believes quantitative easing is a necessary evil and that crises are becoming more frequent and damaging.    Q: Since the start of the global credit crisis, governments around the world have injected an unprecedented amount of liquidity into the global economy. The initial experience of […]

    More ›

  • Fiscal Follies

    From Project Syndicate

    The fiscal stimulus that most advanced economies and emerging markets implemented during the 2008-2009 global recession – together with monetary easing and the backstopping of the financial system – prevented the Great Recession from turning into another Great Depression in 2010. At a time when every component of private demand was collapsing, the boost from higher government spending and lower taxes stopped the global economy’s free-fall and created the basis for recovery.

    More ›

  • Bloomberg Interview – Roubini Says India Growth May Beat China’s in 10 Years

    From Bloomberg

    By Kartik Goyal 

    India’s economy may expand more than China’s in the next 10 years if the world’s second- most populous nation lifts curbs on foreign investment in retail and boosts spending on roads and bridges, Nouriel Roubini said.

    More ›

  • Roubini NYT DealBook Interview – U.S. Real Estate Problems are ‘Underappreciated’

    NYT DealBook:

    Dr. Doom Predicts Another $1 Trillion in Housing Losses By EVELYN M. RUSLI

    As Nouriel Roubini heads to Athens to meet with investors and policymakers potentially about the debt crisis in Europe, the economist says he’s increasingly worried about a problem closer to home: America’s real estate mess.

    The country’s real estate problems are “underappreciated,” and banks could face another $1 trillion in housing-related losses, Mr. Roubini said in a phone interview with DealBook on Monday. At the same time, he played down the issues in Ireland, Greece, Portugal and Spain, calling the matter “contained” for now.

    More ›

  • Front-Loaded Austerity in the UK

    The major risk of immediate “front-loaded” fiscal austerity in the UK is that the painful cuts in spending, subsidies and public employment and increases in taxes will have a recessionary effect on an anemically recovering economy. By contrast, a credible early commitment to gradual fiscal consolidation to be phased in a more back-loaded manner would have reduced the risk of a double-dip recession while maintaining the authorities’ commitment to credible fiscal consolidation. The risk of the UK’s fiscal strategy is (as pointed out by Martin Wolf of the FT) analogous to that of climbing a mountain without a rope; i.e. not having a Plan B in the event of the Plan A of front-loaded fiscal austerity leading to a double-dip recession.

    More ›