Nouriel Roubini
Nouriel Roubini
Nouriel Roubiniis an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics, an economic consultancy firm...
NationalityAmerican
ProfessionEconomist
Date of Birth29 March 1958
CountryUnited States of America
I have more concerns about potential risks and vulnerabilities than most people.
people provide whether wisdom
What is important to me is that when I write something, people listen to me. I provide my wisdom to people, whether they agree or not.
act beyond living
Were living beyond our means, ... and we have to get our act together.
essential financial financing global increasing needs system
Global imbalances are growing, cross-border financing needs are increasing and a smooth-functioning financial system is now essential for this.
causes definitely europe household split
There is definitely a big split in Europe at the moment. Europe is getting leaner and meaner, but that causes nervousness at the household level.
ability banks central depends finance foreign hold ourselves shrinking
Our ability to finance ourselves depends upon the willingness of foreign central banks to hold dollars. That willingness is going to be shrinking (this) year.
luxury negative sending signal
I think it's a very negative signal we're sending to the world. We don't have the luxury to snub the world.
banks care central investors less private return scholars-and-scholarship
While central banks care less than private investors about the return on their investments, they're not completely clueless,
ability china cost foreign increase markets order policy send surely veto
The ability to send a 'sell' order that roils markets may not give China a veto over U.S. foreign policy, but it surely does increase the cost of any U.S. policy that China opposes.
brilliant people
He's one of the most brilliant people I've ever met.
alone average previous recession trader wall
The trouble is that the average trader on Wall Street, he or she is so young, he doesn't even remember the recession of 2001, let alone the previous one.
home leads prices supply
A home is a home, and excess supply leads to prices falling.
loss years law
But in the financial markets, without proper institutional rules, there's the law of the jungle - because there's greed! There's nothing wrong with greed, per se. It's not that people are more greedy now than they were 20 years ago. But greed has to be tempered, first, by fear of losses. So if you bail people out, there's less fear. And second, b prudential regulation and supervision to avoid certain excesses.
gold rising worried
Gold has no increasing value. And if you're really worried about, say, inflation rising, I would buy Spam. You know, you can eat Spam. You cannot eat gold.