NYU economics professor and RGE Monitor chairman Nouriel Roubini continues to beat his recession drum. During a recent interview (video), he said that the global economy, including all developed and emerging nations, will experience a severe global recession that will last all of 2009. Click here for more on this. He also said that the
Nouriel Roubini
Since 2004, NYU Economics Professor and Chairman of RGE Monitor Nouriel Roubini has been pounding the drum on a severe recession caused by over-leveraging of consumers and financial institutions. Now that the fallout from over-leveraging has played out, more people are listening to him, and now he’s reiterating the recession projections. He recently published 20
NYU Economist and founder of economic analysis firm RGE Monitor Nouriel Roubini told Bloomberg today that he sees the biggest US recession in 40 years that could last 12-24 months, bring unemployment to 9%, see another 15% decline in home prices, and an estimated $3 trillion in total bank losses—revised up from his previous $1-2
Two days after NYU Economics Professor Nouriel Roubini said markets are on the verge of meltdown, the IMF parroted the sentiment in their weekend meetings in Washington, DC—after four years of ignoring him. From the looks of this Reuters story, there was quite a few photo ops and generalized quotes from President Bush like: “I’m
Yes, Nouriel Roubini said ‘severe’ twice in the same headline this evening when he warned of the problems facing our financial system. The Chairman of RGE Monitor and Professor of Economics at the NYU Stern School of Business has been talking about this since 2004 and, while a speech he made back then to the
Here’s a more detailed version of the Fed’s AIG bailout to follow up our previous post. Quick review: On Monday it was thought that AIG, the world’s largest insurer, needed about $40 billion to meet a wave of claims on credit default swaps and other obligations. The logic went that this would be a bridge