Nouriel Roubini Quotes

9 Sourced Quotes

Our biggest financiers are China, Russia and the gulf states. These are rivals, not allies.

Nouriel Roubini
The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown.

Nouriel Roubini
Janera:: Do you think then that it's good that the French are abolishing the headscarves or the yarmulke?
Roubini: I'm not in favor of restricting what people wear. It's counterproductive and creates more separation. The effect of the French policy is that children will attend a religious school and won't be exposed to the secular education that France offers. They won't learn the value of western modern secular values.

Nouriel Roubini
Reckless people have deluded themselves that this was a subprime crisis. But we have problems with credit-card debt, student-loan debt, auto loans, commercial real estate loans, home-equity loans, corporate debt and loans that financed leveraged buyouts... We have a subprime financial system, not a subprime mortgage market.

Nouriel Roubini
I think globalization actually maintains and fosters various elements of national and cultural identities. I don't think everything is being homogenized. If anything, your food, your culture, and your ethnicity might become part of the globalized world, and thus absorbed by other countries.

Nouriel Roubini
In the history of modern capitalism, crises are the norm, not the exception.

Nouriel Roubini
It's not as if there's infinite wealth. There are thousands of new luxury units coming on the market, and the question is, who will buy them? If people start losing jobs, who can afford to pay 2, 3, 4, 5 million dollars? Do you know 10,000 new investment bankers on Wall Street?

Nouriel Roubini
The challenge we face is how to integrate the Muslim world into the global economy. Asia has become part of it, but not Africa or the Middle East. One could realistically think about a Marshall Plan with respect to this part of the world, to succeed in integrating the Muslim and Arab world into the global economy as we did in Europe after World War II. For example, we've wasted hundreds of billions of dollars on the Iraq war. Had we taken a third of this money and invested it into a Marshall Plan for the Middle East, the benefits would have been ten times more than wasting it on a war.

Nouriel Roubini
During the Italian crisis, about the proposal of replacing Silvio Berlusconi with Angelino Alfano, as the new Prime Minister of Italy:
Replacing Berlusconi with one of his servile lackeys is unacceptable. Italy needs a credible government run by a respected & competent leader

Nouriel Roubini