Once you run current-account deficits, you depend on the kindness of strangers. This might be the beginning of the end of the American empire. Nouriel Roubini Read Quote
I have more concerns about potential risks and vulnerabilities than most people. Nouriel Roubini Read Quote
The global financial crisis – missed by most analysts – shows that most forecasters are poor at pricing in economic/financial risks, let alone geopolitical ones. Nouriel Roubini Read Quote
I am quite international. My background, born in Turkey. My family is a Jewish family from Iran, so I went from Turkey to Iran to Israel, and then grew up in Italy and ended up in U.S. for graduate school. So I tend to look at things from an international perspective, and I think that gives you a little bit of a broader view of what’s going on. Nouriel Roubini Read Quote
The trouble is that the average trader on Wall Street, he or she is so young, he doesn’t even remember the recession of 2001, let alone the previous one. Nouriel Roubini Read Quote
The economic costs, the financial costs, the job losses, the income losses, the fiscal costs of bailing out financial system are becoming larger and larger. Nouriel Roubini Read Quote
I believe investors should invest for the long run, so I don’t buy and sell. I usually maintain the classic index of global equities, diversified U.S. and global and emerging markets, and when the risk is larger, I diminish the amount in global equities and put more into liquid assets – but very irregularly. Nouriel Roubini Read Quote
For me, geopolitical issues are becoming more important, because how can you understand economy if you don’t understand geopolitics? People think economists just deal with spreadsheets and charts. That’s a narrow-minded caricature. Nouriel Roubini Read Quote
I love and collect contemporary art and go to all the art fairs. I love Damien Hirst and Matthew Barney. I grew up in Italy and had a humanistic education in philosophy and literature – things I love and appreciate. People are richer and more complex than just their day-to-day professional pursuits might suggest. Nouriel Roubini Read Quote
The U.S. has been living in a situation of excesses for too long. Consumers were out spending more than their income and the country was spending more than its income, running up large current-account deficits. Now we have to tighten our belts and save more. Nouriel Roubini Read Quote
