EconoMonitor

Nouriel Roubini's Global EconoMonitor

Roubini Topic Archive: Foreign and Domestic Political Risk

  • The Great Backlash

    In the immediate aftermath of the 2008 global financial crisis, policymakers’ success in preventing the Great Recession from turning into Great Depression II held in check demands for protectionist and inward-looking measures. But now the backlash against globalization – and the freer movement of goods, services, capital, labor, and technology that came with it – […]

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  • Autumn’s Known Unknowns

    During the height of the Iraq war, then-U.S. Secretary of Defense Donald Rumsfeld spoke of “known unknowns” – foreseeable risks whose realization is uncertain. Today, the global economy is facing many known unknowns, most of which stem from policy uncertainty. In the United States, three sources of policy uncertainty will come to a head this […]

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  • Fiddling at the Fire

    Financial markets have rallied since July on the hope that the global economic and geopolitical outlook will not worsen, or, if it does, that central banks stand ready to backstop economies and markets with additional rounds of liquidity provision and quantitative easing. So, not only has good – or better-than-expected – economic news boosted the […]

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  • Nouriel on Draghi’s Plan: It Could Weaken EUR in Longer Run

    Nouriel speaks on Bloomberg about Mario Draghi’s bond-buying plan, the future of the euro and the Fed’s plans this week and ahead of the election. Roubini: Here’s My Blueprint for the Future

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  • Early Retirement for the Eurozone?

    Whether the eurozone is viable or not remains an open question. But what if a breakup can only be postponed, not avoided? If so, delaying the inevitable would merely make the endgame worse – much worse. Germany increasingly recognizes that if the adjustment needed to restore growth, competitiveness, and debt sustainability in the eurozone’s periphery […]

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  • Roubini Bloomberg Video: 2013 Global Perfect Storm May Surpass 2008 Crisis

    July 7 (Bloomberg) — Nouriel Roubini discusses “greedy” bankers, the euro-zone crisis and risks facing the global economy in 2013. He speaks in Aix-en-Provence, France, with Bloomberg Television’s Caroline Connan.  

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  • Berlin Is Ignoring the Lessons of the 1930s

    From the Financial Times (originally published on June 8, 2012): Is it one minute to midnight in Europe? We fear that the German government’s policy of doing “too little too late” risks a repeat of precisely the crisis of the mid-20th century that European integration was designed to avoid. We find it extraordinary that it […]

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  • Time to Blackball Russia’s Autocratic State

    From the Financial Times: Here we are again. Syria’s government has killed dozens more of its own citizens, and what does its old ally, Russia, do? It obstructs a substantive UN Security Council response. This has long since become a predictable story, but it raises a fundamental question: what is Russia’s place in today’s world? […]

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  • Greece Must Exit

    From Project Syndicate: The Greek euro tragedy is reaching its final act: it is clear that either this year or next, Greece is highly likely to default on its debt and exit the eurozone. Postponing the exit after the June election with a new government committed to a variant of the same failed policies (recessionary […]

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  • Get Ready for the Spanish Bailout

    From the Financial Times: No one can pretend to know whether Spain is illiquid or insolvent without gauging the size of the black hole that is the country’s banking sector. The Spanish government is finally starting to do this: Bankia and other banks are reportedly set to receive a capital injection from Madrid. With the […]

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