Roubini on AEI Panel – The Deflating Bubble, Part VII: Is It Over?
AEI — This is the seventh installment of AEI’s “Deflating Bubble” lectures. (Click for entire Video, excerpt [14:20] is below)
AEI’s prescient Deflating Bubble panel returns with an update on today’s financial world in the wake of the bubble and to outline its expectations for the immediate future. At the time of the first AEI Deflating Bubble conference in March 2007, as official voices were optimistically proclaiming that “the subprime problems are contained,” panelists gave a far more pessimistic and far more accurate assessment. These insightful analyses were repeated in subsequent sessions. Three years later, is the bubble finally over? Have the fundamentals of real estate finance recovered, as bond and equity markets have? How will continuing bank failures, the insolvency of Fannie Mae, Freddie Mac, and the Federal Deposit Insurance Corporation, as well as the unwinding of the Federal Reserve’s vastly expanded balance sheet, affect developing financial events? How do these relate to problems regarding U.S. and foreign government debt?
These and related questions are answered by Deflating Bubble expert panelists AEI resident fellow Desmond Lachman; AEI visiting scholar John H. Makin; New York University professor of economics Nouriel Roubini; R. Christopher Whalen, managing director of Institutional Risk Analytics; and Thomas Zimmerman, managing director at UBS Investment Bank. AEI resident fellow Alex J. Pollock will moderate.
All rights reserved, Roubini GlobalEconomics, LLC. Opinions expressed on RGE EconoMonitors are those of individual analysts and may or may not express RGE’s own consensus view. RGE is not a certified investment advisory service and aims to create an intellectual framework for informed financial decisions by its clients.
6 Responses to “Roubini on AEI Panel – The Deflating Bubble, Part VII: Is It Over?”
blindman • April 14th, 2010 at 10:49 pm
e, augmented..good to hear from you. keep on keeping onand all the best. it was a good run andwe ain’t dead yet! perhaps, yet to be born.conditions providing / creating the energynecessary for transitions? as in the universeis in order and has its seasons and timing and”destiny”, as we all have!here is a good link..http://www.thepositivemind.com/HTML/archive.html.Subject: Radio Show April 13, 2010Aired: 04-13-2010Series: Radio Show April 13, 2010.interesting recent program concerning neurology,motivation, gender and …evolution?.
Guest b • April 15th, 2010 at 12:00 am
and this one…http://maxkeiser.com/watch/the-keiser-report/episode-33-13-april-2010-special-greenspan-bubble-edition/.
economicminor • April 15th, 2010 at 10:00 am
blindman,So you think I need some therapy? hehe! You are probably right! Living in a depressed rural community I’m sure has affected my mind!But it has also given me a more remote view. There is a benefit in standing back and seeing a bigger picture. I know, if you stand to far back, all you see is a distant object and don’t see the finer details. That is why I love this media. I feel like I can dig into almost any area that I see and grasp the inner workings.And I feel it gives me a little more grounded perspective than many other observers. I know the difference between picking the fruit from a small orchard and trying to benefit from a MBS or a CDO. For me, I would much rather own the small orchard than an exotic securitized debt instrument.Here’s an interesting perspective on China from James Chanos in an interview with Charlie Rose http://www.charlierose.com/view/interview/10960 He says that China’s GDP growth is being supported by an irrational housing market. Which is absolutely unsustainable.. China is on the brink of a disastrous downturn which will affect commodities and wipe out all its reserves. This will be disastrous for the US as that means they will have to sell their holdings in our bonds.IMO the power of positive thinking has been one of the major contributing factors in getting the world to this level of insanity. Positive thinking is not a good substitute for either common sense or being realistic about risk. I have a very positive mind or I wouldn’t be planting more fruit trees and getting my garden ready for the season.
blindman • April 16th, 2010 at 7:39 am
e,http://www.zerohedge.com/article/presentation-david-yerushalmi-suing-fed-grounds-aig-takevoer-was-illegal-money-laundering-sc.http://www.progressiveradionetwork.com/the-gary-null-show-wnye/.4/15/2010 interview..more links..”positive thinking”. i think it is useful but misses halfof the process of thinking, at least if not more. resultingin actual denial of thinking and much more. /.no implication that u need therapy, i just thought the subjectwas potentially enlightening in a basic/fund e mental way.?.orchard sounds marvelous!
economicminor • April 16th, 2010 at 3:09 pm
I know this issue. You can mean one thing but the interpretation is always subjective. Everyone sees everything filtered thru the prism of their own life and knowledge.You are right that we wouldn’t have much progress with out positive thinking but unless the other part, the knowledge of hazard or complications is added, you joyfully run headlong off the cliff. Unfortunately we aren’t the Willie Coyote. Bad things do happen to people and businesses who don’t look before they leap.I miss the old gang. Wonder where they have all gone?
blindman • April 16th, 2010 at 8:20 pm
e,ditto, but, it is what it is for what it is worth.maybe a long sleep cycle? maybe some revelations,untold, going on out there. so many Individualswho were gathered and speaking, painting the pictureof man. i hope they didn’t run out of paint..by the way, you might enjoy this. i do..stan rogers , “turnaround”..one of the best albums ever composed and presented, imo..and speaking of the physical world recapitulating thecontrivances of man, or visa versa, or life imitating art…has the human narrative noticed / commented on the mysteriousand poetic imagery of the icelandic volcanic ash , ( burstdebt bubble) shutting down air traffic in western europe,convergence and story unfolding! or is this the firstexpression of said phenom….odd!.Stan Rogers “Front Runner”.Well was it nine years or tenSince you last saw this friend?Why it seems like there’s no time at all.There weren’t enough changesTo make him a stranger’Cause we both had old good times to recall.Now he was worn out with walkin’So he sat there not talkin’But smiled when our eyes chanced to meet.Then I mentioned the pastThen he spoke up at lastShook his head and laid his world at my feet..And he said I been a frontrunnerI’ve been richer than most men you’ll see.I’ve been mighty now I’m brokenProud of word now soft-spokenAll seein’ now I’m blind as can be.Now there are men who don’t loseWho take whatever they choseAnd become what they set out to be.And other men who set the paceBut in the end lose the raceAnd old buddy you know that man is me.. fiddle…. etc…Oh you know I could not feel sorryThough it was such a sad storyThat I felt so much I thought I might breakEach man follows his fancyKnows the odds and takes his chancesAnd in the end gets whatever he paysWell so it was with my old friendWho followed his own endAnd was worn like the holes in his shoesAnd neither wisdom nor cunningCould slow the pace or change the runningOf a race he always knew he would lose..’cause he said I’ve been a frontrunnerI’ve been richer than most men you’ll see.I’ve been mighty now I’m brokenProud of word now soft-spokenAll seein’ now I’m blind as can be.Now there are men who don’t loseWho take whatever they choseAnd become what they set out to be.And other men who set the paceBut in the end lose the raceAnd old buddy you know that man is me..
