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
business celebrity class demands fly glamorous home miles people stay time travel wonderful
Celebrity has become a burden. There are more demands on your time. People think it is glamorous to fly places. But it is not - even if you travel business class and stay in wonderful hotels, you end 10,000 miles away from home.
art collect complex education grew humanistic italy literature love matthew might people philosophy pursuits richer
I love and collect contemporary art and go to all the art fairs. I love Damien Hirst and Matthew Barney. I grew up in Italy and had a humanistic education in philosophy and literature - things I love and appreciate. People are richer and more complex than just their day-to-day professional pursuits might suggest.
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.
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.
brilliant people
He's one of the most brilliant people I've ever met.
loss views people
If we didn't have greed, market economies wouldn't be as innovative as they are. But in my view, greed has to be contained by the fear of losses, so there has to be a system where, if you take too much risk, you go into bankruptcy. You don't systematically bail out people who take excessive risks.
believe people political
I believe in market economics. But to paraphrase Churchill - who said this about democracy and political regimes - a market economy might be the worst economic regime available, apart from the alternatives. I believe that people react to incentives, that incentives matter, and that prices reflect the way things should be allocated. But I also believe that market economies sometimes have market failures, and when these occur, there's a role for prudential - not excessive - regulation of the financial system.
again attention clear dollar global lower market renewed saying weak worried
There's renewed market attention on global imbalances as governments have showed again they're worried and the U.S., without saying it has a weak dollar policy, is making clear it would like a lower dollar.
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.
above assets continue current dangers foreign foreigners form fraction high increasing owning patterns percent spending stop whining
If we continue with our current patterns of spending above our incomes, by 2013 the U.S. foreign liabilities could be as high as 75 percent of GDP and an increasing fraction of such liabilities will be in the form of equity. So, let us stop whining about the dangers of unfriendly foreigners owning our firms and assets and get used to it.
born family iranian jewish mixed raised turkey
My family is a Jewish Iranian family, but I was born in Turkey and raised in Italy. So it's a very mixed background.
belts consumers country excesses large running save spending
The U.S. has been living in a situation of excesses for too long. Consumers were out spending more than their income and the country was spending more than its income, running up large current-account deficits. Now we have to tighten our belts and save more.
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.