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Roubini Topic Archive: North America
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U.S. Has Been Let Down by Its Leadership
The deal reached in Washington on New Year’s day prevented the US economy from falling off the so-called fiscal cliff. However, given the dysfunctional nature of the American political system, it won’t be long before there is another crisis. Two months, in fact. If no action is taken by March 1, $110bn of spending cuts will commence. [...]
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Nouriel on Bloomberg: U.S. Growth Will Be “Barely 1.7%” in 2013
On Bloomberg Surveillance, Nouriel said that U.S. growth would barely register 1.7% in 2013 and pointed to a high risk of the U.S. going over the fiscal cliff: “If we do so, the market reaction is going to force the two sides to reach an agreement.” Asked whether he’s bullish on the U.S., Nouriel responded, ”In [...]
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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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A Global Perfect Storm
From Project Syndicate: Dark, lowering financial and economic clouds are, it seems, rolling in from every direction: the eurozone, the United States, China, and elsewhere. Indeed, the global economy in 2013 could be a very difficult environment in which to find shelter. For starters, the eurozone crisis is worsening, as the euro remains too strong, [...]
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Time to Blackball Russia’s Autocratic State
From the Financial Times: Here we are again. Syria’s government has killed dozens more of its own citizens, and what does its old ally, Russia, do? It obstructs a substantive UN Security Council response. This has long since become a predictable story, but it raises a fundamental question: what is Russia’s place in today’s world? [...]
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Bartiromo One on One with Nouriel Roubini: Trouble Ahead for Economy
From USA TODAY: Nouriel Roubini, co-founder of the economic strategy firm Roubini Global Economics in New York, is worried about the so-called fiscal cliff the United States is facing at year’s end. I caught up with Roubini to talk economics, Europe and that fiscal cliff. Our interview follows, edited for clarity and length. Q: Where [...]
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Why Inflation Is Not a Desirable or Likely Way to Reduce Unsustainable Debts
Is high inflation the desirable way to reduce unsustainable debt burdens, and are policy makers likely to take that option? In a recent note with Arnab Das, “Honey I Shrunk the Gross National Debt!,” we discussed the various options—growth, savings, inflation, reduction/ restructuring—available to resolve high and unsustainable debt problems. In this note, I will [...]
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CNBC’s NetNet Reports on My Remarks at the SALT Conference
CNBC –’Broader Picture’ Shows Jobless Up, Economy Down: Roubini
By Jeff Cox
LAS VEGAS – The US faces another year of rising unemployment and subpar growth as hopes for a recovery give way to a global slowdown, according to economist Nouriel Roubini.
The jobless rate, which recently grew to 9 percent, is likely headed for 9.8 percent in a year while economic growth will be less than 2 percent, he said.
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Honey, I Shrunk the Gross National Debt!
We are still emerging from the Global Crash of 2008 and the great leveraged real estate bubble that accelerated during the last decade in the United States and spread around the world. Unsustainable surges in public debt, deficits and borrowing costs accompany the recovery and threaten to undermine it for various reasons in many afflicted [...]
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Nouriel Roubini and Tom Keene: Thinking Globally
Thinking Globally With Nouriel Roubini – The Milken Institute Global Conference
Speaker:
- Nouriel Roubini, Chairman and Co-Founder, Roubini Global Economics; Professor of Economics and International Business, Stern School of Business, New York University
