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
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.
luxury negative sending signal
I think it's a very negative signal we're sending to the world. We don't have the luxury to snub the world.
delicate disaster economy economy-and-economics massive might natural oil shock top
This is a very delicate moment. The economy is already very imbalanced. On top of that, we've had a massive oil shock and now we have a natural disaster that might be something of a tipping point.
economics modern crisis
In the history of modern capitalism, crises are the norm, not the exception.
oxygen years fire
Having spent 10 years studying emerging markets, I know that you have patterns repeated over and over again. A bubble is like a fire which needs oxygen to continue... when you see there is no oxygen, things change.
complacent country excesses excessive household sure weaknesses
No country can be complacent in making sure that excessive debt of the household doesn't create excesses and weaknesses in the financial system. Everything is interconnected.
bailing becoming costs fiscal income job larger
The economic costs, the financial costs, the job losses, the income losses, the fiscal costs of bailing out financial system are becoming larger and larger.
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.