WWW - Posts tagged Dr. Doom at BloggingStocks

Dr. Doom posts

Nouriel Roubini Feels European Crisis Isn't Over

Posted May 18th 2010 9:40AM by Mark Fightmaster (RSS feed)
Filed under: Economic Data, Financial Crisis

New York University professor Nouriel Roubini, often dubbed Dr. Doom, has given his analysis of the financial issues in Greece and Europe, and I am not sure that his comments are welcome. Roubini told the BBC that the crisis is "not over" and that the situation in the eurozone "is a second stage of a typical financial crisis."

Roubini noted that the EU's rescue package has not calmed the markets and he worries that the governments are not "strong enough to implement the austerity measures required."

Continue reading Nouriel Roubini Feels European Crisis Isn't Over

Roubini Warns About Recovery, Praises Obama

Posted Jan 27th 2010 10:00AM by Mark Fightmaster (RSS feed)
Filed under: Economic Data, Financial Crisis

Over in Davos, Switzerland, Dr. Nouriel Roubini continues to live up to his nickname, Dr. Doom. According to MarketWatch, the New York University economist said in a crowded gathering that developed economies will see a slowdown in the recovery in the second half of the year. The panel of high-profile economists and investors believes that we need to proceed with caution, but the panel was "more upbeat" than last year.

Specifically, Roubini believes that labor conditions in the United States and other developed countries remain weak. He feels that the U.S. and other governments need to start the process of trimming deficits and cutting debt. If this scenario does not play out, Roubini feels that we could see a rise in interest rates that could "crowd out investment."

Continue reading Roubini Warns About Recovery, Praises Obama

Dr. Doom Nouriel Roubini believes the bubble is about to burst

Posted Nov 10th 2009 10:30AM by Mark Fightmaster (RSS feed)
Filed under: Market Matters, Recession, Financial Crisis

Dr. Doom is back. Last week, New York University economist Nouriel Roubini decided to speak out about the current economic recovery, warning that it cannot last. I'm not quite sure how this blog missed my radar screen, so I must thank Robert J. Samuelson for bringing it to my attention yesterday.

Roubini contends that while there was a massive rally in "all sorts of risky assets" has caused the dollar had weakened sharply and government bond yields have "increased but stayed low and stable." These risky assets that Roubini discusses are equities, oil, energy, and commodity. Dr. Doom believes that the prices for these risky assets have risen too far and too fast compared to macroeconomic fundamentals.

Continue reading Dr. Doom Nouriel Roubini believes the bubble is about to burst