Roubini
Uneasiness about Europe
September 25, 2012
Numerous concerns persist about the euro area debt crisis. Will a banking union get formed? Will Spain submit to outside conditional aid? Does the Bundesbank have a hidden agenda to torpedo the monetary union? What’s to be done about Greece, which seemingly cannot meet its bailout macroeconomic promises? Doomsayer Nouriel Roubini, NYU’s pessimistic economics professor, […] More
Greek Woes Depress Euro Against Dollar and Crosses
June 15, 2011
European Finance Ministers did not make progress finding a way to share the cost of a restructured Greek debt. Moody’s is reviewing the rating of three French banks that are vulnerable to such a restructuring. The dollar climbed 1.0% against the euro, 0.6% versus sterling, the kiwi, and Swiss franc, and 0.3% relative to the […] More
The Age of Negativity
July 14, 2010
The fear genie is out of the lamp and running wild. Just read the press headlines. From a single page in today’s Financial Times, one can choose from “Three years on, fault lines threaten the world economy”, “The war on greed begins at the dinner table,” or “Hell no is not a platform for power.” […] More
Awaiting FOMC Statement and Obama’s State of the Union Speech
January 27, 2010
With attention on the FOMC and tonight’s address from President Obama, stocks fell further and the dollar is mixed. Equities lost 2.9% in India, 1.6% in Thailand and Australia, 1.4% in China, 1.2% in Singapore, 0.7% in South Korea and Japan, and 0.5% in Indonesia and Taiwan. In Europe, the Paris Cac, British Footsie, and […] More
