Nouriel Roubini
Nouriel Roubini is Chairman of Roubini Global Economics, Professor of Economics at the Stern School of Business, New York University, and co-author of the book Crisis Economics.
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2012-01-12
| Macroeconomic indicators for the US have been better than expected for the last few months. But, despite the favorable data, US economic growth will remain weak and below trend throughout 2012.... read |
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2011-12-15
| The outlook for the global economy in 2012 is clear, but it isn’t pretty: recession in Europe, anemic growth at best in the US, and a sharp slowdown in China and in most emerging-market economies. Restoring robust growth is difficult enough without the ever-present specter of deleveraging and a severe shortage of policy ammunition.... read |
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2011-11-11
| Germany and the ECB have less power over the eurozone's peripheral countries than they seem to believe. If they continue to insist on concentrating all the pain of economic adjustment in the periphery, the monetary union’s slow-developing train wreck will accelerate as peripheral countries default and revert to national currencies.... read |
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2011-10-13
| Any economic model that doesn’t properly address inequality will eventually face a crisis of legitimacy, as today's global protests are now demonstrating. Unless the relative economic roles of the market and the state are rebalanced, the protests of 2011 will become more severe, eventually harming long-term economic growth and welfare.... read |
Comments: 31
Recommended: 4
Read: 105219
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2011-09-19
| The risks of an economic and financial crisis worse than the previous one – now involving not just the private sector, but also near-insolvent sovereigns – are significant. So, what can be done to minimize the fallout of another economic contraction and prevent a deeper depression and financial meltdown?... read |
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2011-08-15
| Karl Marx was right, it seems, in arguing that globalization, financial intermediation run amok, and redistribution of income and wealth from labor to capital could lead capitalism to self-destruct. So what can be done to prevent that outcome?... read |
Comments: 50
Recommended: 3
Read: 372252
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2011-07-18
| The eurozone’s current muddle-through approach to its members' sovereign-debt crises is an unstable disequilibrium: kicking the can down the road, and throwing good money after bad, will not work. Only a comprehensive strategy can rescue Europe's monetary union.... read |
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2011-06-21
| There is widespread talk that today’s slowdown in the US and most of the developed world is just a temporary hiccup, caused by shocks like Japan's earthquake and the Arab Spring. But, given the advanced economies' underlying weaknesses, that notion appears to be a product of wishful thinking.... read |
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2011-05-16
| Europe cannot afford to continue throwing money at insolvent eurozone members and pray that growth and time will bring salvation. The creditors and bondholders who lent the money in the first place must carry their share of the burden – not least for the sake of their own bottom lines.... read |
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China’s Bad Growth Bet
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Nouriel Roubini 
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Despite the rhetoric of China's new Five-Year Plan – which, like the previous one, aims to increase the share of consumption in GDP – the path of least resistance is the status quo. That means more fixed-investment growth – and thus a sharp growth slowdown, probably after 2013.... read
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2009-02-13
| Nationalizing insolvent banks is, paradoxically, the most market-friendly way to clean up a rotten financial sector. Whereas Sweden adopted this approach successfully during its banking crisis in the early 1990’s, the current US and British approach may end up producing Japanese-style zombie banks – never properly restructured and perpetuating a credit freeze for years. ... read |
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2008-10-14
| When policy actions don’t provide relief to market participants, you know that you are one step away from a collapse of the financial system and the corporate sector. Will the recent measures adopted by the US and Europe be enough to ward off a global depression?... read |
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2011-04-14
| Despite the rhetoric of China's new Five-Year Plan – which, like the previous one, aims to increase the share of consumption in GDP – the path of least resistance is the status quo. That means more fixed-investment growth – and thus a sharp growth slowdown, probably after 2013.... read |
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2011-11-11
| Germany and the ECB have less power over the eurozone's peripheral countries than they seem to believe. If they continue to insist on concentrating all the pain of economic adjustment in the periphery, the monetary union’s slow-developing train wreck will accelerate as peripheral countries default and revert to national currencies.... read |
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2011-09-19
| The risks of an economic and financial crisis worse than the previous one – now involving not just the private sector, but also near-insolvent sovereigns – are significant. So, what can be done to minimize the fallout of another economic contraction and prevent a deeper depression and financial meltdown?... read |
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2011-12-15
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| The outlook for the global economy in 2012 is clear, but it isn’t pretty: recession in Europe, anemic growth at best in the US, and a sharp slowdown in China and in most emerging-market economies. Restoring robust growth is difficult enough without the ever-present specter of deleveraging and a severe shortage of policy ammunition.... read |
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2010-01-18
| Traditionally, sovereign risk has been concentrated in emerging-market economies. But ratings downgrades, a widening of sovereign spreads, and failed public-debt auctions in countries like the UK, Greece, Ireland, and Spain provide a stark reminder that unless advanced economies begin fiscal consolidation, investors, bond-market vigilantes, and rating agencies may turn from friend to foe. ... read |
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2011-07-18
| The eurozone’s current muddle-through approach to its members' sovereign-debt crises is an unstable disequilibrium: kicking the can down the road, and throwing good money after bad, will not work. Only a comprehensive strategy can rescue Europe's monetary union.... read |
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2009-12-15
| As the price of gold has risen in recent weeks towards $1,200 an ounce and above, today’s “gold bugs” argue that the price could top $2,000. But the recent price surge looks suspiciously like a bubble, with the increase only partly justified by economic fundamentals.... read |
2011-05-16