Browse and search Nouriel Roubini and more at WRKO
MOST RECENT
that the Chinese currency will not drop as sharply as some fear because China has strong underlying public finances. Nouriel Roubini , an economist from New York University, claimed investors' reaction in recent weeks was overdone: "Markets tend
that the Chinese currency will not drop as sharply as some fear because China has strong underlying public finances. Nouriel Roubini , an economist from New York University, claimed investors' reaction in recent weeks was overdone: "Markets tend
Pages & Blogs
The stalled economy has the White House searching for emergency measures that might provide some relief before the November elections . The White House press office on Thursday refused to say how much a financial package might be, other than to say it won’t be a “second stimulus .” But the administration will have a tough time selling nearly any package to terrified, Obama-phobic Hill Democrats who increasingly blame the president – and his ambitious, expensive legislative agenda – for their dismal prospects this November. It's taken them too long, but Democrats in congress now want nothing to do with Obama administration proposals that go against the best interests of the country. With a new unemployment report due out this morning, Dems are bracing for more bad news. Economists are bracing for a weak showing in the August employment report, which is scheduled to be released Friday. The private sector is forecast to add a net total of only 41,000 jobs, the fewest since January, which isn't enough to keep up with population growth. The jobless rate is expected to increase to 9.6 percent from 9.5 percent, the first rise since April. The silver lining of more ominous economic news will be the dramatic dismantling of the Democrats in Congress, and in state houses across the country, come November.
Nouriel Roubini is the big thing in economists these days, and he says GDP numbers are likely to be closer to zero growth ..... in the economy have come as a result of inventory adjustments rather than growth in final sales, Roubini added.