Posts Tagged ‘
Nouriel Roubini ’
Nov 17th, 2008 |
By Contrarian Profits |
Category: Featured
The record drop in consumer spending in October is clear evidence of a profound weakening of the US economy. Even President Bush think thinks the situation is bad. At the G20 summit over the weekend, he said it was conceivable that the US “could go into a depression greater than the Great Depression“.
Tags: credit crisis, G20 Summit, global credit crisis, Global Downturn, government bailouts, Great Depression, Nouriel Roubini, President Bush, US recession, Wall Street crisis
Posted in Featured |
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Nov 14th, 2008 |
By Contrarian Profits |
Category: Featured
Really. It’s too much. Yesterday, George W. Bush told foreign leaders “Our aim should not be more government, It should be smarter government.” Didn’t Bush just spend the past eight years embodying the exact opposite? Where was the smart part creating an “ownership society” with phony money? Where was the smart part of running up record deficits? Or the war in Iraq?
Tags: credit crisis, John Whitehead, Nouriel Roubini, President Bush, US recession, Wall Street crisis
Posted in Featured |
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Nov 10th, 2008 |
By Dan Denning |
Category: Financial News
Dan Denning takes issue with the idea that the Fed will be able to mop up the excess liquidity caused by its monetary expansion. Foreign savers are not going to keep funding US deficits forever. And that means the Fed must print more dollars to raise money. And that is super inflationary.
Tags: AIG, Chrysler, deflation, Federal Reserve, FNM, Ford, FRE, Global Downturn, Gm, money printing, Nouriel Roubini, US debt, US inflation, US Jobless Rate, US recession, us treasury
Posted in Financial News |
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Nov 4th, 2008 |
By Contrarian Profits |
Category: Financial News
It was only a few months ago that some economists were screaming for a Fed rate hike to keep consumer price inflation under control.
Things have changed dramatically since then. The biggest economic fear for the foreseeable future is now deflation.
This from VOA News:
Economist Nouriel Roubini of New York University said that rapid decline in oil prices indicate that deflation is more of a problem than inflation.
“I think deflation is going to be the story, or what I refer to as ’stag-deflation,’ a period of economic recession and deflation,” said Nouriel Roubini. “And why do I say that? We’re now seeing the beginning of a slacking goods market with aggregate demand falling relative to supply.”
Roubini says the commodity prices that were at…
Tags: Bill Bonner, deflation, government bailout, Nouriel Roubini, Us Inflation Rate, US recession
Posted in Financial News |
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Oct 27th, 2008 |
By Contrarian Profits |
Category: Featured
Kuwait, Saudi Arabia and even the mighty Dubai are getting dragged down by the global economic turmoil. “The global financial storm rolled across the Persian Gulf on Sunday,” reports the WSJ, “as Kuwait’s central bank guaranteed bank deposits and cobbled together a hasty bailout for one of the country’s largest banks.”
Tags: credit crisis, Global Financial Crisis, investing in gold, Investing In Oil, New York University, Nouriel Roubini, Nyse Circuit Breakers, Persian Gulf, Stock Futures, Wall Street crisis
Posted in Featured |
1 Comment »
Oct 23rd, 2008 |
By Contrarian Profits |
Category: Featured
This is what it looks like when the shit hits the proverbial fan. In this case, the shit being one subprime meltdown, eight years of a monkey in the White House and and $1 trillion in chaotic government hand outs. The fan being everything just about everything else. Yesterday, the talismanic Dow plunged 514.
Tags: Addison, Addison Wiggan, bear market, Bear Markets, Bill Bonner, Chris Mayer, Contrarian Investors, Daily Reckoning, Henry Blodget, Meltdown, Nouriel Roubini, recession, subprime
Posted in Featured |
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Oct 12th, 2008 |
By Contrarian Profits |
Category: Featured, Financial News
Economics professor, former Clinton advisor and perma-bear forecaster Nouriel Roubini says the “severe systemic financial crisis” ripping through the markets will get worse before it gets better.
He warned investors on Bloomberg TV that the US now faces a meltdown in financials that Hank Paulson’s bailout bill won’t fix. Roubini says the bill is merely a way of “privatizing gains and socializing losses.”
He also warned investors that stock prices could fall another 20% and trigger a period of severe deflation.
Tags: credit crisis, Nouriel Roubini, Wall Street crisis
Posted in Featured, Financial News |
2 comments
Oct 9th, 2008 |
By Contrarian Profits |
Category: Financial News
Nouriel Roubini - a professor of economics at NYU - says it is futile to think about avoiding a global recession now. We are already there. The only objective for governments and central bank now should be damage limitation.
This from rgemonitor.com:
“So we are now very close to the systemic financial meltdown that I outlined in my February paper. But radical action can be taken and should be taken to control the damage and prevent this meltdown from occurring. At this point the US, the advanced economies (and now most likely even some emerging market economies) will experience an ugly recession and an ugly financial and banking crisis regardless of what we do from now on. We are already now in…
Tags: credit crisis, Global Downturn, government bailout, Nouriel Roubini, US recession
Posted in Financial News |
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Aug 22nd, 2008 |
By Chuck Butler |
Category: Financial News, US Dollar & Forex Trading
I live here, work here, etc. I don’t want to see us in a long protracted recession, but as long as it’s there, I want everyone, including the un-dynamic duo of Bernanke and Paulson to admit it! Along with the markets of course!
Tags: , Chuck Butler, FNM, FRE, I.O.U.S.A., Nouriel Roubini
Posted in Financial News, US Dollar & Forex Trading |
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