"A global trade war is not going to be good for the stock markets", Roubini said.
The economist, known for his consistent warning of economic crashes, acknowledged the pitfalls of past recession forecasts in a recent Project Syndicate note.
A Stanford University scholar has argued that it is premature to write the obituary of the American currency as dollar’s dominance is being underestimated
Achieving price stability, growth stability and financial stability with one policy tool, that is the fed funds rates to me looks like mission impossible. So, either hard landing and a financial crash or the re-anchoring of inflation expectations.
The Narrow Bank upended the traditional banking model by proposing to park depositors’ funds solely in risk-free reserves at the Fed. The regulator was not impressed.
The noted economist Nouriel Roubini spoke on inflation and deflation concerns and where to invest in a stagflation scenario. Check out the interview
“There are many reasons why we are going to have a severe recession and a severe debt and financial crisis,” the chairman and chief executive officer of Roubini Macro Associates said on Bloomberg TV Monday. “The idea that this is going to be short and shallow is totally delusional.”
Roubini's warning assumes significance as he was among the first set of experts, in the mid-2000s, who had predicted the "great recession" of 2008.
Their outlooks will stoke fears of a hard landing for the world’s biggest economy as the Federal Reserve jacks up interest rates to counter the fastest pace of inflation in decades.
Another popular cryptocoin, Dogecoin saw a rise of 11.42 percent and was trading at $0.0414725 with the market cap of $53.72 billion.
The NYU Stern professor of economics Nouriel Roubini had even argued that Bitcoin’s surge is driven by “massive manipulation,” not a rush into a hedge against inflation.
On a year-to-date basis, Bitcoin prices are up over 113 percent.
Indian economy is estimated to grow at 6.6 per cent in the current fiscal, lower than 7.1 per cent growth recorded in 2016-17.
"The market is going higher but think about his (Trump's) economic policies ... His sense of policy doesn't make sense," Roubini told CNBC at the World Economic Forum in Davos.
"Bond investors shouldn't expect a "rate riot or rate rage" when the Federal Reserve begins to raise interest rates because the central bank has already telegraphed what it is going to do", said Nouriel Roubini on Tuesday.
The reason all that easing hasn`t caused inflation is because the post-2008 economic recovery has been anemic, amid a "painful deleveraging" after large buildups of both public and private debt, said Roubini
"Even if growth, inflation and employment data are at the right level to start hiking, the Fed would like to wait a little bit longer just to make sure that if they start hiking with the liftoff, they're not going to abort and go back to zero because otherwise they lose their credibility," he said.
Threats of a euro zone implosion, another US government partial shutdown, a debt-ceiling fight, a hard landing in China, or a war between Israel and Iran will be far more subdued, he said. Most advanced economies will still fail to reach true growth potential in 2014, he said.
Delivering a speech at the IndexUniverse's Inside Commodities Conference Nouriel Roubini's tone reflected an improbable belief in a stronger US economy.
Stocks have staged a huge surge this year despite tepid economic growth, with the Standard and Poor's 500 rising 0.6 percent Monday and 15 percent for 2015.
Noted American economist Nouriel Roubini said India is not passing through stagflation but maintained that the prevailing conditions are "not ideal" for faster economic growth and cost of doing business is too high in the country due to "excessive levels of corruption".
Indian macros are increasing looking better than what they did a while back, mainly on account of cool off in global commodity prices. However, Nouriel Roubini of Roubini Global Economics says though it will benefit us in the short-term, in the long run it will be bad news for India.
The U.S. will not end its quantitative easing (QE) program before 2014, according to Christian Menegatti, managing director of research at Roubini Global Economics.
The "easy money" policy of the Federal Reserve will continue for "as far as the eye can see" and that's going to continue to be good for the US stock market, noted economist Nouriel Roubini told CNBC on Tuesday.
Political instability in emerging markets, led by China, will be one of the biggest risks for markets in 2013, Ian Bremmer, president of political risk firm Eurasia Group, said on Monday.