The world’s developed economies are trapped at the “stall speed” of low growth and need to have greater fiscal stimulus and less austerity to kick-start growth, leading economist Nouriel Roubini told CNBC Friday.
"Every time we had an economic downturn and a market downturn, we had all the policy bullets, we'd take another policy rabbit out of the hat and try to restimulate the economy and the market, but this time around we'll have fiscal austerity throughout advanced economies, our ability to backstop banks and financial institutions is limited by the fact that there is resistance to it (and) not every country can weaken their currency," Nouriel Roubini, Co-founder and Chairman of Roubini Global Economics told CNB
Influential economist Nouriel Roubini has warned hopes that the recent slowdown was temporary have been dashed and predicted the US and other advanced economies will have a second “severe recession”.
After a 512-point drop, a look at just what happened today, as all three of the averages entered correction territory, with Bill Gross, IMCO founder and CIO; Nouriel Roubini, NYU Stern School of Business; and CNBC's Scott Wapner, Bob Pisani, Mandy Drury, Simon Hobbs and Brian Sullivan. Also, a look at the Asian market opens.
Indonesia's rupiah is on a roll and high frequency traders are on the prowl. Time for your FX Fix.
Noted bear Nouriel Roubini is calling for a possible correction, so one of his strategists explains how to position yourself now.
Nouriel Roubini, the New York University economist who gained renown for predicting the financial crisis, sees dark days ahead for the yen.