EconoMonitor

Nouriel Roubini's Global EconoMonitor

  • Nouriel Explains More Positive Outlook on Greece to WSJ

    The recent Greek debt buyback announcement and apparent softening of German rhetoric on the troubled eurozone (EZ) member-state represents a short-term boost to morale, Nouriel Roubini told the Wall Street Journal recently, but does not change fundamental flaws in the structure of the EZ, and within Greece’s economic model. Roubini had previously held that Greece [...]

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  • The Year of Betting Conservatively

    The upswing in global equity markets that started in July is now running out of steam, which comes as no surprise: with no significant improvement in growth prospects in either the advanced or major emerging economies, the rally always seemed to lack legs. If anything, the correction might have come sooner, given disappointing macroeconomic data [...]

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  • Hard to be Easing

    The United States Federal Reserve’s decision to undertake a third round of quantitative easing, or QE3, has raised three important questions. Will QE3 jump-start America’s anemic economic growth? Will it lead to a persistent increase in risky assets, especially in US and other global equity markets? Finally, will its effects on GDP growth and equity [...]

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  • Nouriel on Bloomberg: TBTF Banks Are Worse Than Before

    This morning, Nouriel spoke on “Bloomberg Surveillance” about too-big-to-fail banks (TBTF): “It’s worse than before, because there has been massive consolidation of the banking system in the U.S. JPMorgan took over WaMu and Bear Stearns, Bank of America took over Country Wide and Merrill Lynch. We had banks that were TBTF before the crisis, and [...]

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  • Nouriel: Indonesia Still a Compelling EM Story

    In Indonesia to speak at the NYSE, Nouriel noted Indonesia’s continuing strong performance among emerging markets. In the two years since Nouriel loudly advocated Indonesia’s status as a major EM, Russia has indeed suffered numerous macro and political setbacks, while Indonesia has continued a process of solid fiscal and macro policy, for laudable growth. The [...]

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  • Fiddling at the Fire

    Financial markets have rallied since July on the hope that the global economic and geopolitical outlook will not worsen, or, if it does, that central banks stand ready to backstop economies and markets with additional rounds of liquidity provision and quantitative easing. So, not only has good – or better-than-expected – economic news boosted the [...]

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  • Nouriel on Draghi’s Plan: It Could Weaken EUR in Longer Run

    Nouriel speaks on Bloomberg about Mario Draghi’s bond-buying plan, the future of the euro and the Fed’s plans this week and ahead of the election. Roubini: Here’s My Blueprint for the Future

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  • Early Retirement for the Eurozone?

    Whether the eurozone is viable or not remains an open question. But what if a breakup can only be postponed, not avoided? If so, delaying the inevitable would merely make the endgame worse – much worse. Germany increasingly recognizes that if the adjustment needed to restore growth, competitiveness, and debt sustainability in the eurozone’s periphery [...]

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  • American Pie in the Sky

    From Project Syndicate: While the risk of a disorderly crisis in the eurozone is well recognized, a more sanguine view of the United States has prevailed. For the last three years, the consensus has been that the US economy was on the verge of a robust and self-sustaining recovery that would restore above-potential growth. That [...]

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  • ‘Roubini’s Devastating Diagnosis’ – Freeland File (Full Video Interview – 16:49)

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Richard Wood Richard Wood

Richard has published papers on wages policy, the taxation of financial arrangements and macroeconomic issues in Pacific island countries. Views expressed in these articles are his own and may not be shared by his employing agency. He is the author of How to Solve the European Economic Crisis: Challenging orthodoxy and creating new policy paradigms