Nouriel Roubini's EconoMonitor

Roubini Bloomberg Interview on Sovereign Debt and U.S. Outlook

Nouriel Roubini — Sat, 06 Feb 2010 22:42:55 -0600

Bloomberg -- Nouriel Roubini talks with Bloomberg's Carol Massar and Matt Miller about the outlook for the U.S. stock market. Roubini also discusses the risk of sovereign-debt default, necessary steps to reduce government debt and the likelihood of aid for Greece from the International Monetary Fund. (Click for Video)

Bloomberg --

00:00 G-7 meeting;sovereign-debt default risk

01:48 Potential IMF assistance for Greece

03:09 Is the euro-zone becoming undone?

04:29 Socialization of private losses, bond market

05:54 California versus Greece; dollar strength

07:26 Need for stimulus and higher taxes

10:49 Outlook for U.S. stock market in 2010

Running time 11:34

RGE's Weekly Roundup

RGE Analyst Team — Fri, 05 Feb 2010 10:59:37 -0600

Check out all of the RGE analysis and EconoMonitor contributions that were published this past week at roubini.com.

RGE Analysis:

How to Avoid a Greek Tragedy in Europe by Nouriel Roubini and Arnab Das

Greece is the lynchpin of eurozone sovereign risk. We advise going flat for now. Greece is the debt crisis of the moment, but its problems are far from unique. On their resolution rides the fate of Greece's neighbors, the eurozone and perhaps the EU itself. Greece, like the rest of the PIGS, has an excessive public debt and fiscal deficit and is uncompetitive. A sovereign debt restructuring that reduces both the debt stock and interest burden and a substantial real exchange rate devaluation would clean up the national balance sheet, restore competitiveness and reinvigorate growth. [Available to RGE Clients Only]

Regulatory Impediments to Ending Japan’s Lost Decade by Mikka Pineda

Even after the end of Japan’s financial crisis of the 1990s, the economy has yet to regain the stratospheric ascendancy it maintained throughout the post-war years, and it continues to punch below its weight. This analysis explores how legal restrictions—combined with demographic change and increased global competition—may be trammeling the Japanese recovery. Regulations in the areas of labor mobility, savings accounts, land use, retail distribution, trade and biotechnology are doing more harm than good, and significant reform is a necessary first step toward truly ending Japan’s lost decade. [Available to RGE Clients Only]

Sovereign Risk Meets Sovereign Reality

Ian Bremmer and Nouriel Roubini — Fri, 05 Feb 2010 10:35:37 -0600

Editors Note - This Wall Street Journal Op-Ed is drawn from a more extensive piece of research, How to Avoid a Greek Tragedy in Europe, provided earlier this week to RGE's clients.

After months of shrugging off debt problems in Dubai, Greece and other smaller economies, markets yesterday seemed suddenly aware of the risks of sovereign default.

RGE's Wednesday Note - Obama’s Recent Regulatory and Fiscal Proposals

Elisa Parisi-Capone, Parul Walia, and Arpitha Bykere — Wed, 03 Feb 2010 12:10:43 -0600

This week, RGE tracked a series of events that revealed the Obama administration's juggling act: an effort to maintain growth, tame the fiscal deficit and garner the congressional support needed to implement policy. Democrats' loss of the Massachusetts Senate seat raised questions about President Obama's ability to take forward reforms on financial regulation, fiscal austerity and health care. Though Obama’s response was prompt and decisive, with proposals for financial-sector reforms that surprised markets and plans to address the ballooning fiscal deficit, his waning political capital will stand in the way of achieving his fiscal, social and economic goals.

Medicine for Europe’s Sinking South

Nouriel Roubini and Arnab Das — Tue, 02 Feb 2010 17:36:30 -0600

Editors Note - This Financial Times Op-Ed is drawn from a more extensive piece of research, How to Avoid a Greek Tragedy in Europe, provided earlier this week to RGE's clients.

Another Great Depression may have been averted but the crisis is far from over. Credit is tight and contagion is spreading to all highly leveraged points in the global economy: mortgage-ridden households (Iceland, the US, the UK, Spain, Ireland, central and eastern Europe); banks (Iceland, the US, the EU, Russia and the former Soviet Union); quasi-sovereign debt (Ukraine’s Naftogaz, Dubai World); and now Greece and other weak links in the eurozone.

RGE's Weekly Roundup

RGE Analyst Team — Fri, 29 Jan 2010 10:58:39 -0600

Check out all of the RGE analysis and EconoMonitor contributions that were published this past week at roubini.com.

RGE Analysis:

In The People’s Bank of China and the Road Not Taken Adam Wolfe and Rachel Ziemba look at the steps that China has taken thus far to rein in excess liquidity and provide their inflation expectations for 2010. They also consider when China will raise interest rates. [Available to RGE Clients Only]

Bremmer-Roubini 2010 Global Forecast

Nouriel Roubini — Thu, 28 Jan 2010 14:00:37 -0600

As meetings in Davos begin, political scientist Ian Bremmer and economist Nouriel Roubini share their region-by-region political and economic expectations for the year ahead.

Roubini CNN Money, Forbes.com, CNBC, and Bloomberg Interviews at Davos

Nouriel Roubini — Wed, 27 Jan 2010 18:03:43 -0600

CNN Money -- At the World Economic Forum, economist Nouriel Roubini warns about pitfalls to the economy and calls for more regulation. (Click for Video) [5:13]

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Forbes.com -- Davos: Roubini Predictions (Click for Video) [3:14]

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CNBC -- Asset Bubble is Beginning Now (Click for Video and Report) [8:04]

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Bloomberg -- Roubini Pessimistic on Euro Area, Calls Spain a Risk (Click for Video and Report)

RGE on Sovereign Risk

RGE Analyst Team — Wed, 27 Jan 2010 12:43:30 -0600

With Professor Roubini’s comments on sovereign risk in Davos receiving widespread attention today, we would like to call your attention to three Roubini.com pieces provided to our clients over the past three weeks on sovereign debt and, in particular, the fiscal deterioration of certain eurozone countries (“the PIIGS.”)

Nouriel Roubini on the 2010 Economy: NEWSWEEK & YouTube

Nouriel Roubini — Wed, 27 Jan 2010 12:26:02 -0600

Newsweek Video -- In preparation for President Obama's first State of the Union address, Nouriel Roubini gives his perspective of what economic challenges we'll face this year and answers CitizenTube users' questions on the financial crisis. (Click for Video) [7:03]