Interview with Nouriel Roubini

Featuring Nouriel Roubini

Nouriel Roubini, Chairman of Roubini Global Economics, opens this week on Real Vision with a tour-de-force interview, discussing the opportunities in the technology sector such as clean energy and biotech, thinking through the effects of NIRP and ban-on-cash on the banking sector, and explaining why he expects that China will stick the soft landing.

Published on
29 February, 2016
Topic
Monetary policy, Emerging markets, Global Outlook
Duration
35 minutes
Asset class
Cash, Commodities, Equities
Rating
165

Comments

  • DS

    David S.

    19 5 2016 23:20

    0       0

    Great interview. I watched three times because of the density of information and speed of delivery. Mr. Roubini's answers seemed like stream of consciousness, but were structured with strong examples.

  • BL

    Brian L.

    1 4 2016 03:00

    1       0

    QE to Andromeda! Shaking my head. This Keynesian experiment has failed. People are already at the breaking point. At some point you have to factor in social disruption vs any anticipated gain.

  • JS

    John S.

    28 3 2016 02:56

    2       0

    When did he has the charisma bypass operation?

  • H"

    Hans ".

    19 3 2016 06:36

    1       0

    154 thumbs down seriously! Must be the accent. I watched this twice and got a very good understanding of his views. Good interview

  • WH

    Winnie H.

    14 3 2016 18:28

    1       0

    I had a really hard time understanding him with his heavy accent.

  • am

    aris m.

    11 3 2016 03:18

    1       1

    If you don't like intelligent opposing views like this, you should reconsider your career in trading.

  • RW

    Raymond W.

    10 3 2016 22:33

    0       0

    The troubling thing is that he does not seem to be worried about any of this. If they put in capital controls and ban cash then they can also confiscate gold (again). The world has gone mad.

  • RW

    Raymond W.

    10 3 2016 22:29

    0       0

    Okay ... I listened to it again. He summarized very well where we are and where we are headed. QE, ZIRP and NIRP are here to stay with capital controls and the banning of cash to come.

  • RW

    Raymond W.

    10 3 2016 21:46

    2       0

    Lol ... I really did fall asleep ... no kidding. His monotone delivery is partly the reason. I will watch it again in an effort to be fair.

  • WM

    William M.

    6 3 2016 15:16

    0       0

    My personal feeling is that in absence a big tail risk event, NR is giving good pointers to the coming additional QE, capital controls & new financial experiments. We need to be ready for this.

  • WM

    William M.

    6 3 2016 15:12

    2       0

    I didn't like what I heard but NR is trumpeting the standard approach. Not sure why some readers are dissing him so much? He is a sharp guy and has his views. RV viewers should value diversity.

  • IF

    Ian F.

    6 3 2016 15:05

    1       0

    This is why all the morally righteous HF managers made nothing over the last 2-4 yrs. Throw biases out the door. Listen, he is telling you what is going to happen. Ability to hold conflicting thoughts

  • AE

    Alex E.

    5 3 2016 23:25

    0       3

    So if we listen to a suicidal maniac before he jumps, are we getting both sides of the story? More investment when we are already 200 trillion in debt is just financial suicide, but what do I know eh?

  • DR

    Dennis R.

    5 3 2016 22:32

    5       0

    Don't know how one can say he supports central banks. He says they will continue doing what has not worked because they have no alternatives. A very depressing interview.

  • AK

    Anthony K.

    5 3 2016 20:46

    3       1

    Was it me or did, Raoul look uncomfortable at several points of this interview

  • AC

    Andrea C.

    5 3 2016 13:54

    5       0

    Did he ask you specifically not to mention gold? Because it seems it was the elephant in th room when you were talking cash and safety.

  • NT

    Norman T.

    5 3 2016 10:49

    1       0

    In a NIRP world, debt monetisation cannot work - the debt burden grows while the income to service it gets squeezed, surely?

  • NT

    Norman T.

    5 3 2016 10:36

    0       0

    May record this to put me to sleep again in future...points OK, but, delivery!!

  • ml

    michael l.

    5 3 2016 01:40

    1       0

    So NR fully buys into the "central bankers have it under control" narrative. That he didn't even consider the tail risks stemming from monetary policy going fully down the rabbit hole is surprising.

  • CE

    Carl E.

    4 3 2016 17:18

    2       2

    Soporific mumbling made it hard to follow. I disagreed with most of what I did understand. Not my favorite.

  • JM

    Jon M.

    4 3 2016 16:25

    7       3

    This is a bright man who is completely disconnected from reality and a total believer in the brilliance of himself and the monetary authorities. Shocking and sobering.

  • KE

    Kenan E.

    4 3 2016 12:26

    2       2

    My negativ prevous comment did not mean that an opposing view has no value. To get different views is one of my main reasons for RVTV. But Mr Roubini's views do not add any value FOR ME (IMHO).

  • DS

    David S.

    4 3 2016 06:54

    3       0

    Thanks, excellent interview. Mr. Roubini was encouraged to give his world view. I appreciate his intelligence, experience and perspective. It made a difference in my thinking. What more can I ask.

  • us

    urska s.

    3 3 2016 21:11

    4       0

    Wonderful description of his framework. Thank you Raoul for great questions.

  • JG

    James G.

    2 3 2016 17:31

    1       0

    With the federal debt as high as it is and the real expenses that are comming rapidly down the road related to entitlements there is going to be little taxing or borrowing power to pay for rebuild

  • RG

    Roger G.

    2 3 2016 14:49

    9       3

    Fantastic Objectivity. This man has an incredible handle world momentumn factors.
    I cannot understand the the massive amount of dislikes. Open you mind people.

  • TH

    Timo H.

    2 3 2016 12:41

    7       1

    It looks like the mainstream, of which Nouriel is a good representative, refuses to think the unthinkable, i.e. that easy money may actually be a destructive, not stimulating force.

  • TH

    Timo H.

    2 3 2016 12:09

    5       1

    A lesson learned earlier from RV: If you want to short something, e.g. central banks, study the narrative of the long side. Nouriel does excellent job in articulating the thinking of the long side.

  • LC

    Liliana C.

    2 3 2016 06:19

    6       1

    I started getting a headache when he said that people are saving too much. What the f... has he been smoking? People are trying to pay off debt and only spend in neccesities. Will watch this later.

  • DB

    Daphne B.

    2 3 2016 05:14

    9       1

    Here is a voice that is telling us what is coming, whether we like it or not and the evidence is around us, even if we don't agree with the policies. This is a valuable insight into the establishment.

  • RP

    Raoul P.

    2 3 2016 01:56

    19       0

    Thanks all for agreeing that opposing view points are a value add. Nouriels narrative may not suit you all but that doesn't mean that establishment thinking doesn't triumph. Humility for all is key.

  • NV

    Nicola V.

    2 3 2016 01:47

    1       0

    I heard: extreme monetary experiments will continue (be less effective) 2 most pushed into taking risks do not want (investment as only saving vehicle) 3 we can still have 20-30% downside on assets...

  • PW

    Phil W.

    1 3 2016 19:18

    8       0

    Man O Man. I appreciate you trying to give the other side of the story! But the other side is the same ol same Print Print. I fear for my Kids and their kids. How did it get to this!!!!

  • JM

    John M.

    1 3 2016 19:03

    3       0

    RV, thanks for the interview. It made me think. NR could be right in 2016. Central Banksters have kicked the can down the road far longer than I thought possible. Perhaps for another year....

  • SO

    Steve O.

    1 3 2016 17:55

    10       2

    Phd's continue to amaze. Despite Raul's efforts, Dr. Roubini surprisingly provides little intelligence beyond doing more of the same and entrusting bureaucrats. Shocking.

  • SH

    Steve H.

    1 3 2016 17:32

    6       0

    So if I heard right, business owners are supposed to save by investing in biotech stocks? Wonderful!

  • DK

    Dimitris K.

    1 3 2016 16:39

    5       2

    No Value added...
    "Maybe all going to be winners, maybe some will be more winners than others"....vague and blase. My best regards to Raoul for keeping his temper

  • AC

    Andrew C.

    1 3 2016 16:14

    9       0

    Great video; watched it 2x. Will watch again. Still disagree but you need opposing views to strengthen your own opinion. Anymore interviewees like this would be truly welcome."Where might I be wrong?"

  • SD

    Sebastien D.

    1 3 2016 11:32

    24       0

    Whether you like Nouriel or not RV must not become a bear club. We have Zero Hedge for the bear porn... He may well end-up right becoz that's what ppl in power want too.

  • KS

    Kathleen S.

    1 3 2016 10:54

    15       0

    He is obviously a very intelligent man and that is precisely what makes this interview so scary. More CB intervention, QE forever, Crazy. Raoul I wish you asked him about Gold.

  • VS

    Vikram S.

    1 3 2016 10:30

    2       0

    What came across for me was how strong his beliefs are.

  • AP

    A P.

    1 3 2016 09:39

    11       0

    So long as it's thoughtful and well considered (regardless of whether it's "right" or "wrong") I'd like to listen to it. Hence, I'm glad to hear Nouriel's thoughts. Good on you RV.

  • SB

    Stewart B.

    1 3 2016 08:36

    7       0

    Thanks for the alternative opinion. NR has clearly drunk the Kool Aid. These people don't seem to understand brought forward credit growth will eventually unwind one way or another.

  • PB

    Peter B.

    1 3 2016 04:07

    13       0

    50%+ thumbs down? b/c he's not 100% world's ending now? mrkt can stay irrational far lngr than u solvent. ..often by multiples. theres always pockets of good. @raoul thank u for this, refreshing

  • WB

    Wes B.

    1 3 2016 03:35

    6       0

    refreshing to hear a view that isn't as doom and gloom as many of the others. I've seen a lot of big index hedges get put on and puked out recently. Predicting crashes is tough work.

  • BV

    Bryan V.

    1 3 2016 01:59

    7       2

    I actually feel dumber having watched this. I'll have to pick another video to get the bad taste out of my mouth.

  • GH

    Gregory H.

    1 3 2016 01:58

    3       2

    Also, too much saving is not the issue, it's too little income being earned by the majority of the population... Feeds into my deleveraging, disinflation/deflation, short equities (thru options) view.

  • GH

    Gregory H.

    1 3 2016 01:52

    5       0

    Even if you are more bearish than he was (I sure am), his points are valid. If we do get a earnings recession/deflation, it seems as though People's QE (a la Steve Keen) may be the easy way out...

  • RA

    Robert A.

    1 3 2016 01:48

    13       0

    Agree with Raoul, we DO need NR's point of view. Sadly his delivery style combined with a giant Ego that just seeps through becomes quite cloying. I will suffer the Ego and style though for his views.

  • DL

    Derek L.

    1 3 2016 01:15

    17       1

    Glad I watched this. Don't agree with his prescription (more QE) but it gives us insight into what the CB's are thinking and where we could be headed. Wont work though

  • DD

    Derek D.

    1 3 2016 01:14

    16       0

    To be clear: I gave the video a thumbs up. I want to hear what he has to say: even if he drives me insane with each additional syllable. Yes: please provide opposing viewpoints.

  • TS

    Thomas S.

    1 3 2016 01:02

    2       0

    I definitely don't want to live in his world.

  • rp

    ross p.

    1 3 2016 00:47

    3       2

    Where's the slow motion button. He's drinking central banks kool aid and believes they will continue pulling policies out of a hat.

  • ss

    sid s.

    1 3 2016 00:22

    6       2

    hard core drug addicts don 't quit. they overdose.

  • CD

    Charles D.

    29 2 2016 23:57

    6       1

    Too monotone...in his tone...thinking...
    demeanor ...couldn't watch it all...pales in comparison to other guests...who's brilliance are most times mesmerizing.

  • FR

    Fields R.

    29 2 2016 23:47

    11       1

    A valuable insight into the litany of the elite, preached as one of the anointed to his own choir. This is the sort of elitism that pervades the UN, the EU, and all Central Banks. We must understand.

  • DT

    DAN T.

    29 2 2016 23:10

    10       1

    Another Keynesian sociopath with the view that more of what's not working will surely work if we just do more of what's not working will surely work if we just do...wait...

  • DO

    David O.

    29 2 2016 22:13

    3       0

    Shame he spoke so slowly!

  • MD

    Mario D.

    29 2 2016 22:06

    22       0

    Thank you Raoul. I fully agree with this approach of featuring different views. It's the only way we get to make informed decisions. Also great questions.

  • RP

    Raoul P.

    29 2 2016 21:52

    105       0

    Many people ask for the wide variety of views so we don't create negative bias. Its important so hear all views. We do not want a bias at RV, just the whole discussion of ideas

  • GM

    Gerald M.

    29 2 2016 21:18

    10       0

    Hmmm. He would fit comfotably in the role of a "classic" Central Banker.

  • RA

    Ricardo A.

    29 2 2016 21:10

    4       2

    Not much new info .. Famous name, but more suited for CNBC / Bloomberg soundbite interviews

  • KA

    Kelly A.

    29 2 2016 20:32

    7       0

    I 1st heard Nouriel in Europe in Aug 2008. He was predicting the collapse & giving the scenario/steps of the unraveling before it started. So, I went uptempo on selling. He saved me a TON of money.

  • LP

    Lynn P.

    29 2 2016 19:55

    4       0

    Policies to "stimulate aggregate demand" are so non-specific that they do not override the uncertainties these policies create. Fiscal stimulus ("targeted investments") run the risk of cronyism. Ugh

  • MZ

    Michael Z.

    29 2 2016 19:46

    19       0

    Deep breaths guys. He didn't back anything. Point is that you can't underestimate the amount of levers central bankers can and will pull. Long term implications are another conversation.

  • KE

    Kenan E.

    29 2 2016 19:36

    14       0

    Now I have to watch the Mark Hart interviews again, or the presentations of Raul and Grant or ....
    Thank you for doing this interview, shows quite a contrast to the "normal" stuff you show ;-)

  • KE

    Kenan E.

    29 2 2016 19:34

    5       3

    Yeah, come on... "The Japs are just too silly" -- REALLY??? Put this guy to the dustbin of history together with this silly "keynesian economics"-stuff! Thank you for keeping it short!!!

  • CH

    Calvin H.

    29 2 2016 19:23

    3       2

    Thanks, glad you kept it short. I can drop him from my 'must read' list.

  • MV

    Mike V.

    29 2 2016 19:03

    11       4

    Another Keynesian who backs monetary experimentation and thinks he's smarter than everyone else. Clearly evident when he says "you have to be smart about it" referring to Japan's poor investments.

  • HB

    Heini B.

    29 2 2016 18:04

    9       2

    Janet invited Nouriel over for dinner and force fed him Kool-aid

  • NF

    Nico F.

    29 2 2016 17:48

    10       2

    Raoul, you asked all the right questions but I don't get Roubini's answers. Also, isn't e.g. Google an advertising company, therefore highly cyclical in nature(which has been masked by growth so far)?

  • DW

    Daniel W.

    29 2 2016 17:27

    24       1

    Favorite comment is from Raoul when he stated how Japan's economy never took off after 30 years of stimulus. You can point this fact out to Keynesians, but their answer is always they need to do more.

  • CC

    Christopher C.

    29 2 2016 17:09

    22       0

    The most poignant take away for me was when Raoul asked how do I save. Answer... no safe place. You MUST invest. Risk free saving now an artifact of the past?

  • JP

    Jeronimo P.

    29 2 2016 16:14

    24       0

    Ah Nouriel - correctly predicted the bear market that began in 2009... Wait no.. Called it in 2010? Nailed it in 2011? The imminent recession in 2012 -2013? Super crash in 2014-2015? No, 2016 crash?

  • tW

    tgwtom W.

    29 2 2016 16:03

    0       0

    Speed thinking... I'm keeping up, well, I'm close behind :) ....#storyweaving

  • SD

    Salvatore D.

    29 2 2016 15:42

    15       1

    Very digital Nouriel. Great interview which contrasts well with previous RV's guests.

  • DD

    Derek D.

    29 2 2016 15:36

    24       2

    He's a lot smarter and more credentialed than I am, but Keynesiansm is still insanity. Too much savings? Impossible, esp in this env. Smart public spending? Also impossible. Agg dem/sup are myths.