Nouriel Roubini Archive

Roubini Says Carry Trades Fueling ‘Huge’ Asset Bubble

[Skip to the end] Again, maybe right but for the wrong reason. My take is the gold and commodity bubble is due to people (Roubini included) believing Fed policy is inherently inflationary – printing money and all that – when it’s not. When those funds are done being committed, it can all ...Read More

Roubini again

[Skip to the end] Just in case you thought he knew how the monetary system works. The nonsense about the penalty for deficit spending being anything but possible inflation makes him part of the problem: “There are risks associated with exit strategies from the massive monetary and fiscal easing,” Roubini wrote. “Policy ...Read More

Roubini on Chinese Reserve Currency

[Skip to the end] (email exchange) >   On Fri, May 15, 2009 at 9:22 AM, wrote: >   Hi Warren. Roubini (the contemporary Dr. Doom) is suggesting this morning that >   the Chinese currency should be the new global reserve currency. >    >   Don’t you need a country that runs an external payments deficit (or at least ...Read More

Roubini blog

Roubini totally doesn’t get it. The point of CB intervention is to keep interest rates at their target rates, not to provide funds for lending, as described in previous posts. This plan will succeed at doing that, best I can tell. It’s all about price, not quantity. That’s all a CB can ...Read More