INTERNATIONAL ECONOMICS

After the Storm

Nouriel Roubini

Has the global economic crisis bottomed out, or will conditions grow worse due to inadequate government responses? Does anyone know just how big the g lobal mountain of toxic assets really is? Are financial derivatives a thing of the past?

RECENT COMMENTARIES

FEATURED COMMENTARIES

The Straits of America

Nouriel Roubini Series: After the Storm

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

Comments: 7 Recommended: 0 Read: 49275

Fragile and Unbalanced in 2012

Nouriel Roubini Series: After the Storm

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

Comments: 12 Recommended: 2 Read: 67807

Down with the Eurozone

Nouriel Roubini Series: After the Storm

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

Comments: 14 Recommended: 6 Read: 90534

The Instability of Inequality

Nouriel Roubini Series: After the Storm

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

How to Prevent a Depression

Nouriel Roubini Series: After the Storm

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

Comments: 23 Recommended: 3 Read: 82897

Is Capitalism Doomed?

Nouriel Roubini Series: After the Storm

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

The Eurozone’s Last Stand

Nouriel Roubini Series: After the Storm

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

Comments: 8 Recommended: 1 Read: 63251

That Stalling Feeling

Nouriel Roubini Series: After the Storm

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

Comments: 6 Recommended: 2 Read: 55030

A Loan and a Prayer

Nouriel Roubini and Stephen Mihm Series: After the Storm

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

Comments: 4 Recommended: 0 Read: 35839

China’s Bad Growth Bet	Nouriel Roubini
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

1 2 3 4 5

Financial Gain, Economic Pain

Nouriel Roubini Series: After the Storm

2009-06-16

In the past three months, global asset prices have rebounded sharply, reflecting investors' growing expectations of economic recovery. But, despite an improvement in economic fundamentals, the role of less sustainable factors is equally clear, while the sharp rise in some asset prices threatens the recovery of a global economy that has yet to hit bottom. ... read

Comments: 0 Recommended: 0 Read: 36647

The Instability of Inequality

Nouriel Roubini Series: After the Storm

2011-10-13

Comments: 31 Recommended: 4 Read: 105219

China’s Bad Growth Bet

Nouriel Roubini Series: After the Storm

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

Comments: 11 Recommended: 4 Read: 94388

Down with the Eurozone

Nouriel Roubini Series: After the Storm

2011-11-11

Comments: 14 Recommended: 6 Read: 90534

How to Prevent a Depression

Nouriel Roubini Series: After the Storm

2011-09-19

Comments: 23 Recommended: 3 Read: 82897

Fragile and Unbalanced in 2012

Nouriel Roubini Series: After the Storm

2011-12-15

Comments: 12 Recommended: 2 Read: 67807

The Risky Rich

Nouriel Roubini Series: After the Storm

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

Comments: 25 Recommended: 7 Read: 67591

The Eurozone’s Last Stand

Nouriel Roubini Series: After the Storm

2011-07-18

Comments: 8 Recommended: 1 Read: 63251

The Gold Bubble and the Gold Bugs

Nouriel Roubini Series: After the Storm

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

Comments: 9 Recommended: 0 Read: 61341

Double-Dip Days	Nouriel Roubini
With the world economy set to slow, a scenario in which US growth slumps to 1.5%, the eurozone and Japan stagnate, and China’s growth rate falls below 8% may not imply a global contraction, but it will feel like one. And any additional shock – a highly plausible concern – could tip the global economy back into full-fledged recession.... read
That Stalling Feeling	Nouriel Roubini
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

AUTHOR INFO

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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