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A piece published in a major liberal publication funded by leftist billionaire George Soros is projecting global economic disaster. The Soros-funded Project Syndicate released a Dec. 2 column by New York University Professor Emeritus of Economics Nouriel Roubini headlined: “The Unavoidable Crash.” Roubini wrote that years of frivolous fiscal, monetary and credit policies compounded by major negative supply shocks have significantly damaged the world economy, including the U.S.: “Stagflationary pressures are now putting the squeeze on a massive mountain of public- and private-sector debt.” Roubini didn’t mince words. “The mother of all economic crises looms, and there will be little...

Roubini, a professor of economics at New York University’s Stern School of Business and the founder and chairman of Roubini Global Economics, is the author of MegaThreats: Ten Dangerous Trends That Imperil Our Future, and How to Survive Them, from which this essay is adapted Inflation is back, and it is rising sharply, especially over the past year, owing to a mix of both demand and supply factors. This rise in inflation may not be a short-term phenomenon: the Great Moderation of the past three decades may be over, and we may be entering a new era of Great Stagflationary...

There are three negative supply shocks that could trigger a global recession by 2020. All of them reflect political factors affecting international relations, two involve China, and the United States is at the center of each. Moreover, none of them is amenable to the traditional tools of countercyclical macroeconomic policy. The first potential shock stems from the Sino-American trade and currency war, which escalated earlier this month when President Donald Trump’s administration threatened additional tariffs on Chinese exports, and formally labeled China a currency manipulator. The second concerns the slow-brewing cold war between the U.S. and China over technology. In...

ROUBINI: Dark Clouds Are Gathering Around The World Mamta Badkar June 15, 2012, 10:15 AM Dr. Doom Nouriel Roubini is once again warning of a perfect global storm in 2013. In his latest Project Syndicate column Roubini warns of dark "financial and economic clouds" from Europe, the U.S., China and the Middle East. First, he says the eurozone crisis is worsening, the fiscal and sovereign debt crisis and the problems in its banking sector are worsening. In fact he says, eurozone might need a bailout of its banks but also a sovereign bailout. "As a result, disorderly breakup of the...

Those making public calls for a return to the gold standard are a bunch of lunatics and hacks who are doing nothing but calling for a repeat of the Great Depression, says New York University Nouriel Roubini. Loose monetary policies have done little to lower unemployment rates and have many saying the U.S. should return to the gold standard, which pegs the value of the dollar to gold. Supporters say a gold standard, abandoned in the 20th Century, would force the government to live within its means and end inflationary pressures that come with expansive monetary policy. "That's total nonsense."...

This is odd. A rare note ot sorta-optimism from Nouriel Roubini (AKA Dr. Doom) regarding the US debt situation. In a note this morning that he put with fellow analyst Arnab Das, he writes: "The United States has the most manageable fiscal issues of any major advanced economy because federal, state and local revenues as a share of GDP are very low, for cyclical and other reasons. Therefore, fiscal balance can be restored by fiscal adjustment without major economic difficulty in the near term." In other words, US revenue and spending can be brought closer into line via raising more...

Economist of the moment Nouriel Roubini continues to profit from the attention that has resulted from his alleged prediction of the 2008 financial crisis. The problem for Roubini is that if looked at objectively, the '08 crisis wasn't financial, and his prediction simple luck. It was luck given the basic truth that no one, including Roubini, could have predicted the global government response that truly authored the crack-up. Contrary to his view that the moderation of housing was the crisis, the greater, historically accurate reality is that the global rush to housing driven by weakening currencies around the world was...

The week's plunge in stock markets and the decline of the euro have created a perfect backdrop for Dr. Doom. In the midst of all the turmoil, Nouriel Roubini appeared on CNBC to issue fresh warnings of crises still to come. "From here on, I see things getting worse," said Mr. Roubini, predicting another 20% drop in stock prices, a double-dip recession and various national crises in Japan, China and elsewhere. The timing is perfect for Mr. Roubini, whose new book-- Crisis Economics: A Crash Course in the Future of Finance -- is just hitting bookstores. If you're in the...

Nouriel Roubini's Excellent Definition Of A 'Financial Crisis' Joe Weisenthal May. 14, 2010, 1:37 PM Dr. Realist Nouriel Roubini has a new piece up at Project Syndicate that contains a gem we hadn't heard before: Indeed, a practical definition of a financial crisis is an event that forces policy officials to spend a long weekend trying desperately to announce a new bailout package in order to avoid national and global panic before the markets open on Monday. Indeed we've been wondering whether we'll have a big weekend this weekend given the crash taking place in Europe. The rest of the...

The man credited as the prophet of the financial crisis has warned of the growing threat of a global, double-dip recession, where the economy briefly recovers before slipping back into contraction.

Once again, someone has squared off against one of CNBC's star personalities, and this time it's a liberal economist taking aim at the old standby, "Mad Money" host Jim Cramer. An April 8 Associated Press story reported that, on the heels of "The Daily Show" host Jon Stewart taking Cramer "to task for trying to turn finance reporting into a game," New York University Professor and Huffington Post contributor Nouriel Roubini blasted Cramer in an interview. Predictably, Cramer responded. "Cramer is a buffoon," Roubini said to the AP. "He was one of those who called six times in a row...

Just weeks after "The Daily Show" host Jon Stewart took Cramer to task for trying to turn finance reporting into a "game," famous bear economist Nouriel Roubini criticized Cramer on Tuesday for predicting bull markets. "Cramer is a buffoon," said Roubini, a New York University economics professor often called Dr. Doom.

The worst economic turmoil since the Great Depression is not a natural phenomenon but a man-made disaster in which we all played a part.In the second part of a week-long series looking behind the slump,Guardian City editor Julia Finch picks out the individuals who have led us into the current crisis Alan Greenspan, chairman of US Federal Reserve 1987- 2006Only a couple of years ago the long-serving chairman of the Fed, a committed free marketeer who had steered the US economy through crises ranging from the 1987 stockmarket collapse through to the aftermath of the 9/11 attacks, was lauded with...

Dear Forbes.com readers: This will turn out to be the worst financial crisis since the Great Depression and the worst U.S. recession in decades. I first said so in August and, since I wrote those words, financial and economic conditions have deteriorated further--and severely. Stock prices are sharply down and there is a risk of a market crack. Interbank and credit spreads are wider than ever since the beginning of this crisis, Lehman Brothers (nyse: LEH - news - people ) and Merrill Lynch (nyse: MER - news - people ) are gone, and soon enough Morgan Stanley (nyse: MS...

Hundreds of banks will fail, Roubini tells Barron's Sun Aug 3, 2008 3:52pm EDT NEW YORK, Aug 3 (Reuters) - The United States is in the second inning of a recession that will last for at least 18 months and help kill off hundreds of banks, influential economist and New York University Professor Nouriel Roubini told Barron's in Sunday's edition. Taxpayers will pay a big price for helping bail out the rest of the financial services industry as well, Roubini said -- at least $1 trillion and more likely $2 trillion. The banks will become insolvent because of mounting losses...