Roubini: It’s a Scary Time for the Global Economy

Jul.02 — Nouriel Roubini, chief executive officer at Roubini Macro Associates, discusses the global economy, geopolitical risk, the U.S.-China trade negotiations, the possibility of a global recession, how he thinks we can avoid it, China’s economy and global debt. He speaks on “Bloomberg Markets: Asia” from the sidelines of the Asia Blockchain Summit in Taipei.


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28 Thoughts to “Roubini: It’s a Scary Time for the Global Economy”

  1. So called "crypto currencies" ARE a joke because the price of these computer digits fluctuates up/down way, way, way too wildly to EVER become a true currency.

  2. "Bitcoin or any or any other shitcoin".lol
    Made my day.

  3. Huawei owns most of the intellectual property required for 5G equipment. That is because Huawei is the author of the software and the manufacturer of the hardware. Possibly there are some components of the hardware that will be a problem. But, it is unlikely to be an insurmountable difficulty for Huawei to find ways of overcoming that kind of problem. The inability of Google to license Android to Huawei is disrupting Huawei's smart phone business. But, those who believe Huawei will have a large problem supplying its own operating system either by supporting its own distribution of Android or through some Huawei owned software that is based on modifications of LInux and the free open source libraries that support the Android API just show that they have no understanding of the realities of current system software. Outside China the large set of applications that run on the Android API may be more of a problem. But, Google has a significant financial stake in making that software available to anyone who is interested in using it. Most likely, Google will find a way to make those applications directly available to anyone who wants to download or purchase them over the web. The most obvious dependency Huawei has for the smart phones is for the manufacturing of its own chip design by TSMC. Is the United States going to try to force TSMC to stop doing business with Huawei? What would the consequences of that kind of American interference in a China Taiwan business be? What would the consequences to the United States be if it forced American companies to stop doing business with TSMC? Huawei's personal computers have a dependence on Intel microprocessors and Microsoft Windows. It is hard to see how this part of Huawei's business fits into American national security concerns. But, if necessary, there are a variety of ways that Huawei could avoid the impact of American sanctions on its ability to bring its PC technology to market.

  4. A "black swan" event (such as a nuclear strike on Mecca by Islamic terrorists pissed off at Trump and his wealthy pals from Saudi-Arabia) may even be prophesied in the Holy Bible ("HOT & SCORCHING
    WIND", Jeremiah 4:10-12, may represent a radioactive cloud of FALLOUT moving inexorably north— toward "Zion" — get it? And Isaiah 33:8-14 seems to reinforce such a thought — NOT SO, SIR? Hey!
    Isn't "GOD'S WORD" really "pleasing" to his saints? Wasn't it always "no big problem" for anyone who hadn't transgresses DIRECTLY A G A I N S T that word? [ Isaiah 5:20-25, Jeremiah 2:12*, 26-31, Isaiah 45:18-19, 44:8 & 41:26-29* ]. Ahem. (And there's so much MORE, Rabbi. The "Day of the Lord" is DARKNESS, not light [ Amos 5:18-20 + 8:9 and Zephaniah 3:6-13* ]. Get it now, Sir?

  5. M M

    Two twits talking bullshit. The global economy is slumping for the couple of years and they tried to stimulate it, jump start it, etc to no avail. This whole trade war bullshit is a smoke screen to explain the present crappy economy. Listening to the interviewer guy who stutters to no end with his fake English accent is causing an ache to my teeth just hearing his broken speech. The other guy is just a plain liar. He is nothing more than a mocking bird repeating what he is told to say. Wasted my 5 minutes of life.

  6. Roubini – the Brian Gumbel of Bitcoin

  7. NRG

    Roubini is that angry old guy that can't allow his ego to accept that he's wrong. BTC may be volatile in the short term, but in the past 10 years it has proven to be nothing but the best store of value. Nothing else comes close.

  8. He's right — Trump not only wants to go back in time and recreate a "Third American Reich" with his red-capped "storm troopers" (where the dead body is, there will they be gathering, Mt. 24:28*), nut he plans to bifurcate the entire world economy, those aligning with Russia, China (and even Iran) and those who kiss America's butt (along with wealthy Saudi-Arabia and stagnating Europe). Get it, Rabbi? The red-caps have been "framing mischief" against GOD HIMSELF, committing MURDER — anf then "blaming it on God" (Jeremiah 5:12*). Satan always built himself a "WALL of LIES" ( Ezekiel 13:14 + Isaiah 30:12*15 ). If TRUMP were really an "agent foe good" as he claims.he'd say publicly that "IF THEY ARE Q U O T I N G T H E H O L Y B I B L E — well, L E T T H E M G O !". Now let's see if he's MAN ENOUGH TO DO THAT. (He just might, if he fears his mask is being removed during the upcoming campaign. (In reality, the guy never seemed to stop campaigning, ha-ha).
    Or will they (his "vigilante" base) start murdering people who quote Bible verses they hate, simply because hey know they CAN'T CALL THE BIBLE " FALSE FACTS " — and get away with it?

  9. The reason Nouriel has been wrong for the last decade is the trillions of dollars printed by the central banks around the world and the increase in debt by all the countries of the world. All that money went into the stock markets of world in the form of leverage, when we have to feel the pain of deleverage those positions, it will be painful.

  10. last year it was between US and North Korea. Now Experts are saying US and Iran. I believe there will be no war but civil wars.

  11. Roubini was saying the same in 2009 about global debt being a problem.

  12. Guess no one told him about Ripple and the Central banks yet.

  13. This is not about Trump. This is about FAIR TRADE with China. Trump wants free trade. He understands the importance of free trade. CHINA BEEDS TO STOP STEALING and level the trade agreements. That’s the issue.

  14. whatever Roubini thinks… think the opposite

  15. Since the Roman Empire it's been a Scary Time for the Global Economy.

  16. He was a bit nervous…. probably he s under pressure as he has been WRONG for the last several years. LOL . And listening to him speaking I can guarantee you that because of his confidence, all the opposite will happen. Classical economist of my boots who knows everything and certainly knows nothing. He HAS NO IDEA of the forces playing in the economies. AN HONEST PERSON who understands that, WOULD NEVER EVER SPEAKS WITH SUCH A CONFIDENCE.

  17. Shitcoin! He's on fire in this interview.

  18. btc is up 300%, everything was going well until he started talking about crypto. What a bafoon

  19. "Not even this Blockchain Convention accepts Bitcoin."

  20. I can't hear what chinese guy is saying?

  21. roubini is the sky is falling guy we want to ear… hes right crypto is a just a ponzi scheme everybody just buys it to fip it to somebody else total pump and dump scheme.

  22. the US is looking at tech advancement as a zero sum game, not an advancement of humanity. It just showed how far the US has fallen from its leadership position.

  23. "…expansion to a slowdown". Yea good one, the slowdown IS expansion, not a recession.

  24. Roubini…the “no-coiner”

  25. Stop giving this guy a platform hes a total nutjob he just a permabear and wil get it right once in a while. Not someone that comes with revolutionary visions about the markets.

  26. why should mainstreet usa give a damn about the global economy,,,,,,,china and asia can starve to death as far as mainsteet is concerned

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