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Nouriel Roubini on the US economy, speaks to Tom Keene (Bloomberg) from World Economic Forum in Davos, Switzerland

Posted by Adrian on January 30, 2007

Nouriel Roubini professor of economics at Stern School of Business – NYU discuss with Tom Keene of Bloomberg the “hard landing” of the US economy. Roubini reiterates the problems with a slowing (recession) US housing sector which hasn’t bottomed out as yet. The interconnection and reliance with China as far as reliance on growth. The integration problems of emerging economies like China, India and Brazil with other with established economies. The integration is based on the millions of skilled and unskilled workers – and how they will adjust to democratised business systems. The”credit crunch” of developed countries and the potential collapse “house of cards” (note analogy used recently too by contrarian economist Dr Marc Faber). The geopolitical risks of potential ‘energy’ based conflicts, how they can send a shock into markets – that may cause a spiralling economic problem worldwide. Also touches on the new credit/debt and equity leverage and how it’s has been unprecedented in history of financial markets.

Please go here, this is in mp3 format

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