Nouriel Roubini spoke at The Common Good on October 12, 2011 and on June 2, 2009.
About Nouriel Roubini:
Nouriel Roubini is an American professor of economics at New York University’s Stern School of Business and chairman of Roubini Global Economics, an economic consultancy firm. After receiving a BA in political economics at Bocconi University, Milan, Italy and a doctorate in international economics at Harvard University, Cambridge, Massachusetts, he began academic research and policy making by teaching at Yale while also spending time at the International Monetary Fund (IMF), the Federal Reserve, World Bank, and Bank of Israel. Much of his early studies focused on emerging markets. During the administration of President Bill Clinton, he was a senior economist for the Council of Economic Advisers, later moving to the as a senior adviser to Timothy Geithner, who is now Treasury Secretary. In 2008, Fortune magazine wrote, “In 2005 Roubini said home prices were riding a speculative wave that would soon sink the economy. Back then the professor was called a. Now he’s a sage”.
The New York Times notes that he foresaw “homeowners defaulting on mortgages, trillions of dollars of mortgage-backed securities unraveling worldwide and the global financial system shuddering to a halt”. In September 2006, he warned a skeptical IMF that “the United States was likely to face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence, and, ultimately, a deep recession”. As Roubini’s descriptions of the current economic crisis have proven to be accurate, he is today a major figure in the U.S. and international debate about the economy, and spends much of his time shuttling between meetings with governors and in Europe and Asia. Although he is ranked only 512th in terms of lifetime academic citations, he was #4 on magazine’s list of the “top 100 global thinkers.” He has appeared before Congress, the and the at Davos.
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