Thursday, October 31, 2013

Karl Marx oversold socialism, but he was right

Nouriel Roubini has long argued that Karl Marx was a big fan of socialism and does not agree with many of his ideas. However Roubini does agree with Marx when he says capitalism can be its own cause of danger. Regulation even if it may be minor is needed to help keep capitalism rolling along well.


Tuesday, October 29, 2013

Brazil Was Too Hyped

Two years ago at the Milken Conference, Eike Batista criticized me in our panel for saying that Brazil was too hyped. Today he is nearly bankrupt. - Via tweet


Related trading instruments: iShares MSCI Emerging Markets (ETF) (EEM), iShares MSCI Brazil Index (ETF) (NYSE:EWZ), SPDR Gold Trust (ETF) (GLD)

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics. 

Wednesday, October 23, 2013

Dr. Nouriel Roubini says call me Dr. Realist

“I prefer to be called Dr. Realist. I’m not either a pessimist or an optimist. It’s not as if I’m a perma-bear. Right now there is a global economic recovery, so I think you have to be a realist about what can go right, and what can go wrong.”

Monday, October 21, 2013

Global recovery is coming

"I think that a global recovery is going to occur, so you might want to be marginally overweight in equities."

Thursday, October 10, 2013

Euro Monetary Union: Disintegration Risk Has Diminished Significantly

"A little more than a year ago, in the summer of 2012, the eurozone, faced with growing fears of a Greek exit and unsustainably high borrowing costs for Italy and Spain, appeared to be on the brink of collapse. Today, the risk that the monetary union could disintegrate has diminished significantly – but the factors that led to it remain largely unaddressed." - in The Guardian

Related ETFs:  iShares MSCI Spain Index ETF (EWP), iShares MSCI Italy Index ETF (EWI), iShares Germany ETF (EWG)

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.


View the original article here

Wednesday, October 9, 2013

Political Risks Rise In West Countries

"Political risks rise in West countries: U.S. goverment shutdown risk; Italian goverment collapse risk; uncertainty on German government; Greece & Portugal risks." - in Twitter

Related ETFs: Financial Select Sector SPDR (ETF) (XLF), SPDR SP 500 ETF (NYSE:SPY), iShares MSCI Italy Index ETF (EWI), iShares Germany ETF (EWG), iShares MSCI Spain Index ETF (EWP)


Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

Tuesday, October 8, 2013

Eurozone's Fundamental Problems Remain Unresolved

"Beneath the surface calm of lower spreads and lower tail risks, the eurozone's fundamental problems remain unresolved. For starters, potential growth is still too low in most of the periphery, given ageing populations and low productivity growth, while actual growth – even once the periphery exits the recession, in 2014 – will remain below 1% for the next few years, implying that unemployment rates will remain very high.

Meanwhile, levels of private and public debt, domestic and foreign, are still too high, and continue to rise as a share of GDP, owing to slow or negative output growth. This means that the issue of medium-term sustainability remains unresolved.


At the same time, the loss of competitiveness has been only partly reversed, with most of the improvement in external balances being cyclical rather than structural. The severe recession in the periphery has caused imports there to collapse, but lower unit labour costs have boosted exports insufficiently. The euro is still too strong, severely limiting the improvement in competitiveness that is needed to boost net exports in the face of weak domestic demand." - in The Guardian


Related ETFs: iShares Germany ETF (EWG), iShares MSCI Italy Index ETF (EWI), iShares MSCI Spain Index ETF (EWP)


Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.

Sunday, October 6, 2013

If A Government Shutdown Cannot Lift Gold, What Else Will?

If a government shutdown cannot lift gold, what else will? - in Twitter

Related stocks and ETFs: SPDR Gold Trust (ETF) (GLD), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX)


Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.