Post Tagged with: "Nouriel Roubini"

May 3, 2012 08:26

Oil shock, Euro crash, U.S. fiscal cliff paint dark future says Dr. Doom

Nouriel Roubini who is famous for predicting the financial collapse which earned him the nickname “Dr. Doom” cited a Middle East conflagration oil crisis, “austerity fatigue” and “bailout fatigue” in Europe, and the “fiscal cliff” faced by the U.S. in a doom and gloom scenario.

November 4, 2011 06:10

Roubini: If the Eurozone blows up, it all gets worse

“Europe is a slow motion train wreck and there’s a “significant risk of a Eurozone breakup.” This doesn’t mean Greece and Portugal leaving, it means Spain and Italy ultimately leaving as well, which would mean the whole thing is toast.” – Business Insider

July 7, 2010 05:39

Banks Too Big to Fail, Too Big to Bail Out: Roubini

European governments face the quandary of being unable to afford to bail out banks that are still considered too big to fail, while the global economy is heading for a slowdown in the second half of the year, says economist Nouriel Roubini.

May 24, 2010 07:10

The crisis is not over; we are just at the next stage

“We socialised part of the private losses by bailing out financial institutions and providing fiscal stimulus to avoid the great recession from turning into a depression. But rising public debt is never a free lunch, eventually you have to pay for it.”

May 6, 2010 09:08

The Greek Contagion Spreads

As of the end of 2009, European banks hold claims of $193 billion on Greece and more than $1 trillion of further claims on Portugal, Ireland and Spain.