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
call consider exciting less personally saying though
I don't personally consider myself Dr. Doom. I call myself Dr. Realist, even though it's less exciting and more boring than being called Dr. Doom. If you are consistently saying 'the world is going to end,' who is going to listen to you?
becoming deal economists issues people
For me, geopolitical issues are becoming more important, because how can you understand economy if you don't understand geopolitics? People think economists just deal with spreadsheets and charts. That's a narrow-minded caricature.
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.
amount asset attempt buy direct effect foreign investment lots lucky material restrict risky
Anything that makes your attempt to buy an asset more risky can have a material effect on the amount of investment we get. These days, we'd be lucky if we get lots of foreign direct investment. We should not restrict it. We should make it easier.
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.
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.
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Global imbalances are growing, cross-border financing needs are increasing and a smooth-functioning financial system is now essential for this.
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This is a very delicate moment. The economy is already very imbalanced. On top of that, we've had a massive oil shock and now we have a natural disaster that might be something of a tipping point.
brilliant people
He's one of the most brilliant people I've ever met.
chinese trying
The Chinese are trying to do the least they can. They want to set their own pace.
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.
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.