Nouriel Roubini

Nouriel Roubini

About the author:

Nouriel Roubini, a.k.a. “Doctor Doom”, is chairman of Roubini Global Economics and professor of economics at New York University’s Stern School of Business. Roubini has been consistently cited as one of the world’s top global thinkers. This year, he was voted as the most influential economist in the world by Forbes magazine.

Stories by the author

America’s Economic Recovery Is A ‘Fairy Tale’: Nouriel Roubini

Though many optimists now believe that a combination of lower oil prices, rising auto sales, recovering house prices, and a resurgence of U.S. manufacturing can refuel America’s economic recovery, the reality is the opposite: For five key reasons, the U.S.’s economic growth will slow further in the second half of 2012 and be even lower in 2013 – close to stall speed.

A Global Perfect Storm – Why The World Faces An Economic Crisis In 2013: Nouriel Roubini

A global perfect storm is brewing. Across the world, dark, lowering financial and economic clouds are now looming over the economy, with the eurozone cloud set to be the largest to burst. Indeed, the global economy in 2013 could be a very difficult environment in which to find shelter.

NEW YORK – 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.

Greece Must End Its Doomed Marriage With The Eurozone: Nouriel Roubini

Greece’s exit from the eurozone appears to be inevitable. Still, like a doomed marriage, it is better to have rules for the impending divorce so as to make separation less costly to both sides.

NEW YORK – The Greek euro tragedy is reaching its final act: it is clear that either this year or next, Greece is highly likely to default on its debt and exit the eurozone.

Europe’s Economic Honeymoon Is Over: Nouriel Roubini

The honeymoon for the ECB's new president Mario Draghi has turned out to be brief. The trouble is that the eurozone has an austerity strategy, but no growth strategy – and, without that, all it really has is a recession strategy that makes austerity self-defeating, because, if output continues to contract, deficit and debt ratios will continue to rise to unsustainable levels.

The Fear Premium Is Driving High Oil Prices: Nouriel Roubini

The world is afraid. Increasing concerns about a military conflict between Israel and Iran has created a “Fear Premium”, which has seen the price of oil soar to nearly $125 per barrel – even as the global oil supply remains plentiful and demand appears to have lowered. Now, as the drums of war grow louder, oil prices could rise in a way that will most likely cause a US and global growth slowdown or, worst still, another outright recession.

Beware The Bounce – Why The US Economy Is Still In Trouble: Nouriel Roubini

Recent  favourable macroeconomic data has suggested that the US economy could be back on track. But the recent uplift in the economy only hides more fundamental problems, and the US still remains in the early stages of a deleveraging cycle.

NEW YORK – Macroeconomic indicators for the United States have been better than expected for the last few months. Job creation has picked up. Indicators for manufacturing and services have improved moderately. Even the housing industry has shown some signs of life. And consumption growth has been relatively resilient.

The Endgame For The Eurozone Has Begun: Nouriel Roubini

Germany and the ECB have less power over the eurozone's peripheral countries than they seem to believe. If they continue to insist on concentrating all the pain of economic adjustment in the periphery, the monetary union’s slow-developing train wreck will accelerate as peripheral countries default and revert to national currencies.

Why Inequality Will Only Lead To Our Downfall: Nouriel Roubini

Any economic model that doesn’t properly address inequality will eventually face a crisis of legitimacy, as today's global protests are now demonstrating. Unless the relative economic roles of the market and the state are rebalanced, the protests of 2011 will become more severe, eventually harming long-term economic growth and welfare.

Remedies For An Ailing Economy - How To Avert A Crisis: Nouriel Roubini

20 September 2011. 

Global markets are in unchartered territory. A series of austerity measures have been announced, but the news coming out from Europe and the United States continue to bear the same consistent note of pessimism. The risks ahead are not a double-dip recession, but a severe contraction that could lead to Great Depression II. But can it be prevented? 

Marx was Right – Capitalism is on a Self-Destructive Path: Nouriel Roubini

23 August 2011.

Karl Marx was right, it seems, in arguing that globalization, financial intermediation run amok, and redistribution of income and wealth from labor to capital could lead capitalism to self-destruct. However, socialism is clearly not the answer as well. With the world seemingly destined for another economic crisis, what can be done to prevent a Great Depression 2.0?