Nouriel Roubini
- January 6, 2024
- Economist
Quick Facts
Nouriel Roubini Biography
| Name | Nouriel Roubini |
| Birthday | Mar 29 |
| Birth Year | 1958 |
| Place Of Birth | Istanbul |
| Birth Country | Turkey |
| Birth Sign | Pisces |
Nouriel Roubini is one of the most popular and richest Economist who was born on March 29, 1958 in Istanbul, Turkey. Roubini as well as political researcher Ian Bremmer have described the 21st century’s world as becoming more fragmented in both political and economic terms, and in which “old models of understanding global dynamics are struggling” to adapt to the rapid change. In an article published in Foreign Affairs magazine, they refer to an “G-Zero world,” where the United States no longer has the resources needed to be the main provider of global public goods. In the end, there will likely be more conflicts than cooperation between nations which could result in the possibility of a “zero-sum game,” a “game in which my win is your loss.” The reason for this is:
The 1990s were the time when Roubini was studying the decline of developing economies in the 1990s. He employed an intuitive, historical perspective, backed by a thorough understanding the theoretical frameworks used to analyse the economies of these countries. He came at the observation that the common factor was the huge current account deficits that were financed with loans from outside. Roubini believed it was possible that his country United States might be the next to be affected and as early as began writing about a potential future economic collapse. Business Week magazine writer Michael Mandel However, he noted during 2006 Roubini and other economists typically offer generalized predictions that could be realized over long periods of time.
By 1998, he joined the Clinton administration first as a senior economist in the White House Council of Economic Advisers and then moved to the Treasury department as a senior adviser to Timothy Geithner, then the undersecretary for international affairs, who in 2009 became Treasury secretary in the Obama administration.
Roubini returned to the IMF in 2001 as a visiting scholar while it battled a financial meltdown in Argentina. He cowrote a book on saving bankrupt economies entitled, Bailouts or Bail-ins? and launched his own consulting firm. He is also a regular contributor to Project Syndicate since 2007.
Nouriel Roubini was born Istanbul, Turkey, to Iranian Jewish parents. When he was a baby his family spent a brief time in Iran as well as Israel. From 1962 until 1983, he lived in Italy and, in particular, Milan in which he was a student at his local Jewish school, and later the Bocconi University. He graduated with an B.A., summa cum laude in economics. He earned the Ph.D. on international economics at Harvard University in 1988, with the help of Jeffrey Sachs. He is an U.S. citizen and speaks English, Persian, Italian, Hebrew, and conversational French. He is the cousin of the top tech experts and the former PC Magazine lead technology analyst Jonathan Roubini.
Nouriel Roubini Net Worth
| Net Worth | $5 Million |
| Source Of Income | Economist |
| House | Living in own house. |
Nouriel Roubini is one of the richest Economist from Turkey. According to our analysis, Wikipedia, Forbes & Business Insider, Nouriel Roubini 's net worth $5 Million. (Last Update: December 11, 2023)
Roubini has also been a part in the Berggruen Institute’s 21st Century Council.
Nouriel Roubini (born on March 29 1958) is an American economist from the United States. He is a professor at the New York University’s Stern School of Business and is the chairman of Roubini Macro Associates LLC, an economic consulting company.
For much of the 1990s, Roubini combined academic research with policy making by teaching at Yale and then in New York, while also being employed at the International Monetary Fund, the Federal Reserve, World Bank, and Bank of Israel. Currently, he is a professor at the Stern School of Business at New York University. Long study of emerging market blowouts in Asia and Latin America helped him spot the looming disaster in the U.S.(in 2008). “I’ve been studying emerging markets for 20 years, and saw the same signs in the U.S. that I saw in them, which was that we were in a massive credit bubble,” he said.
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Who is Nouriel Roubini Dating?
According to our records, Nouriel Roubini is possibily single & has not been previously engaged. As of December 1, 2023, Nouriel Roubini’s is not dating anyone.
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At a conference in Dubai in January, 2009, he said, the U.S. banking system was “effectively insolvent.” He added that the “systemic banking crisis. … The problems of Citi, Bank of America and others suggest the system is bankrupt. In Europe, it’s the same thing.” To deal with this problem, he recommends that the U.S. government “do triage between banks that are illiquid and undercapitalized but solvent, and those that are insolvent. The insolvent ones you have to shut down.” He adds, “We’re in a war economy. You need command- economy allocation of credit to the real economy. Not enough is being done,” he felt at the time.
Facts & Trivia
Nouriel Ranked on the list of most popular Economist. Also ranked in the elit list of famous people born in Turkey. Nouriel Roubini celebrates birthday on March 29 of every year.
Roubini notes that the subprime issues are a global, and not just a U.S. problem. In an interview with author James Fallows in late spring of 2009, he stated, “People talk about the American subprime problem, but there were housing bubbles in the U.K., in Spain, in Ireland, in Iceland, in a large part of emerging Europe, like the Baltics all the way to Hungary and the Balkans. It was not just the U.S., and not just ‘subprime.’ It was excesses that led to the risk of a tipping point in many different economies.”
What is Nouriel Roubini famous for?
Nouriel Roubini, (born March 29, 1958, Istanbul, Turkey), Turkish-born American economist and educator who was best known for predicting the 2007–08 subprime mortgage crisis in the United States and the subsequent global financial crisis.
How did Nouriel Roubini predict the financial crisis?
Roubini became convinced that the housing bubble was going to pop. By late 2004 he had started to write about a “nightmare hard landing scenario for the United States.” He predicted that foreign investors would stop financing the fiscal and current-account deficit and abandon the dollar , wreaking havoc on the economy.
Which economists predicted financial crisis?
Nouriel Roubini
Born| March 29, 1958 Istanbul, Turkey
Nationality| American
Institution| New York University
Field| International economics
What economists predicted the 2008 crash?
Social Links for Paula Froelich. The economist who correctly predicted the 2008 financial collapse is waving a red flag about another imminent disaster.
Who predicted the housing crash of 2008?
The question is begining to cross people’s minds since a cryptic tweet on May 24 from iconic investor Michael Burry , known to be one of the first to bet against the subprime mortgages in the mid-2000s. Burry accurately predicted the collapse of the housing bubble.