EconoMonitor

Nouriel Roubini's Global EconoMonitor

Roubini Topic Archive: United States

  • 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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  • The Global Economy on the Fly

    In the last four weeks, I have traveled to Sofia, Kuala Lumpur, Dubai, London, Milan, Frankfurt, Berlin, Paris, Beijing, Tokyo, Istanbul, and throughout the United States. As a result, the myriad challenges facing the global economy were never far away.   In Europe, the tail risk of a eurozone break-up and a loss of market […]

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  • Nouriel at Davos: Global Tail Risks Remain

    Speaking with CNN’s Poppy Harlow at Davos, RGE Chairman Nouriel Roubini reiterated the biggest outlying risks to the global economy: U.S. fiscal woes, the eurozone sovereign debt crisis, a potential China hard landing, and geopolitical risk in the Middle East. Nouriel argued that the worst scenario need to materialize for a meaningful impact on global […]

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  • U.S. Has Been Let Down by Its Leadership

    The deal reached in Washington on New Year’s day prevented the US economy from falling off the so-called fiscal cliff. However, given the dysfunctional nature of the American political system, it won’t be long before there is another crisis. Two months, in fact. If no action is taken by March 1, $110bn of spending cuts will commence. […]

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  • Nouriel on Bloomberg: U.S. Growth Will Be “Barely 1.7%” in 2013

    On Bloomberg Surveillance, Nouriel said that U.S. growth would barely register 1.7% in 2013 and pointed to a high risk of the U.S. going over the fiscal cliff: “If we do so, the market reaction is going to force the two sides to reach an agreement.” Asked whether he’s bullish on the U.S., Nouriel responded, “In […]

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  • Nouriel: Politics Will Define 2013

    Speaking with Christine Freeland of the New York Times, Nouriel Roubini described the shift from a market focus on risk in 2012 to a worldwide recognition that political action—European elections, partisan U.S. fiscal battles, Middle East unrest, Chinese and Japanese political transitions—will shape the economic and financial landscape in 2013, contingent on unconventional policy responses […]

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  • The Year of Betting Conservatively

    The upswing in global equity markets that started in July is now running out of steam, which comes as no surprise: with no significant improvement in growth prospects in either the advanced or major emerging economies, the rally always seemed to lack legs. If anything, the correction might have come sooner, given disappointing macroeconomic data […]

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  • Hard to be Easing

    The United States Federal Reserve’s decision to undertake a third round of quantitative easing, or QE3, has raised three important questions. Will QE3 jump-start America’s anemic economic growth? Will it lead to a persistent increase in risky assets, especially in US and other global equity markets? Finally, will its effects on GDP growth and equity […]

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  • Nouriel on Bloomberg: TBTF Banks Are Worse Than Before

    This morning, Nouriel spoke on “Bloomberg Surveillance” about too-big-to-fail banks (TBTF): “It’s worse than before, because there has been massive consolidation of the banking system in the U.S. JPMorgan took over WaMu and Bear Stearns, Bank of America took over Country Wide and Merrill Lynch. We had banks that were TBTF before the crisis, and […]

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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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