Crisis Economics by Nouriel Roubini

Crisis Economics by Nouriel Roubini

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Summary

Nouriel Roubini was right... Roubini warned that there was a monstrous bubble in the housing market and that the bursting of that bubble would cause much of the financial system to collapse. And so it has turned out, with even the most seemingly outlandish of Roubini's predictions matched or even exceeded by reality. How did he do it?

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Crisis Economics by Nouriel Roubini

Nouriel Roubini was right ... Roubini warned that there was a monstrous bubble in the housing market and that the bursting of that bubble would cause much of the financial system to collapse. And so it has turned out, with even the most seemingly outlandish of Roubini's predictions matched or even exceeded by reality. How did he do it? For the first decade of his career, Roubini, 51, was a well-regarded but hardly renowned macroeconomist. When the Asian financial crisis struck in 1997, however, he created a Web page - the forerunner of his subscription service, RGE Monitor - that became the go-to place for anyone trying to keep up with the flood of news, data and economic analysis ... His warnings are based on sophisticated modeling and careful data analysis and have often proved right - not just in general but in detail .... Remember, people dismissed Cassandra's dire prophecies - until they all came true.' Paul Krugman, Time '100 Most Influential People in the Word 2009
A succinct, lucid and compelling account of the causes and consequences of the great meltdown of 2008.. essential reading -- Michiko Kakutani * New York Times *
A rigorous yet highly readable look at why booms and busts occur and how to keep them from wreaking havoc on the real economy -- James Pressley * Bloomberg *
One of the most readable and sensible accounts to date of the financial disaster -- Gillian Tett * FT *
Nouriel Roubini has served as a senior adviser to the White House Council of Economic Advisers and the US Treasury Department and consultant to the World Bank and IMF. As early as 2005, Roubini speculated that house prices would soon sink the economy and in 2006, warned the IMF that the United States was likely to face a catastrophic housing bust resulting in deep recession. Back then he was nicknamed 'Dr Doom' by the New York Times. In hindsight, economists have called him a prophet. Roubini is professor of economics at the Stern School of Business, New York University and co-founder and chairman of RGE Monitor, a web-based economic consultancy firm. He speaks English, Farsi, Italian and Hebrew.
SKU Unavailable
ISBN 13 9781846142871
ISBN 10 1846142873
Title Crisis Economics
Author Nouriel Roubini
Condition Unavailable
Binding Type Hardback
Publisher Penguin Books Ltd
Year published 2010-05-11
Number of pages 368
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
Note Unavailable