CNBC Roubini Interviews and Reports: Egypt Contagion Risks, U.S. Bond Vigilantes
CNBC — Risks that protests will spread to other countries have increased but the current situation is so far not likely to lead to another recession, economist Nouriel Roubini told CNBC.
CNBC — Bond Vigilantes and the U.S. (Click for Video)
CNBC — Bond vigilantes are unlikely to attack the US soon, but if they do the trigger could be a fiscal crisis in the states, economist Nouriel Roubini told CNBC.
CNBC — Egypt Protests Negative for Growth: Nouriel Roubini
By Antonia Oprita
Risks that the troubles in Egypt may spread to other parts of the world have increased and the uprisings have a negative effect on growth, as well as contributing to higher prices, economist Nouriel Roubini, chairman of Roubini Global Economics, said Monday.
Egyptian protesters were camped out in central Cairo Monday, demanding the departure of President Hosni Mubarak, who has ruled the country for 30 years.
“There’s already political contagion from Tunisia to Egypt… geopolitical risk is on the rise,” Roubini told CNBC in an interview. “It has a negative effect on growth or rising inflation. All this is not good.”
But he added that the situation wasn’t as serious yet as to lead to another recession.
“Even if in the past recessions have been associated with oil price shocks caused by geopolitical risk… we’re not yet there but rising oil prices, risk aversion, these are all negative for the markets,” Roubini said.
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