"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.
Investors have already pushed expectations for an initial rate hike back several months to late next year because of a dimmed global outlook. The Fed is expected to take note of recent market turmoil and worsened world conditions at its Oct 28-29 meeting even as it ends the bond-buying program launched to fight the financial crisis.
A large part of the slowdown in China has been caused because yuan has appreciated steadily at a CAGR of 3.5 percent since 2005 and that has now begun to dent Chinese exports.
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.
In an interview to CNBC-TV18, Arnab Das, Managing Director of Market Research and Strategy, Roubini Global Economics says that flows will continue to come to India for the short-term.
Arnab Das, managing director of market research and strategy, Roubini Global Economics feels the dysfunction in Washington is so great that there is quite a good chance of a government shutdown and some scathing remarks around the debt ceiling.
A compromise will be reached in the debt ceiling negotiations in the US, says Arnab Das, Roubini Global Economics. He doesn‘t expect it to go to the brink of default and most certainly not a ‘technical‘ default.
In an interview to CNBC-TV18, Arnab Das, Roubini Global Economics spoke about emerging markets and global economic situation.
The Indian rupee on Friday extended losses to touch a record low of 62 per dollar after RBI took further steps to curb rupee volatility on Wednesday.
Investors should not sell emerging markets in an "absolute sense" but should sell relative to other global developments.
The positive in the US Federal Reserve tapering its bond buying program- the qunatitiave easing 3 (QE3) is that it may not tighten the economy until 2015 believes Arnab Das of Roubini Global Economics.
In an interview to CNBC-TV18, Arnab Das, Roubini Global Economics says that Indian economy's condition does not look good for the next 6-12 months. US economy is recovering and it will result in outflows from EMs like India.
Arnab Das of Roubini Global Economics believes that if the payroll numbers for June are strong, it will strengthen the impression of the Fed tapering its quantitative easing (QE) sooner rather than later.
The Canadian dollar declined for a fifth time in six days versus its US peer as a regional Federal Reserve president said the central bank may begin slowing monthly bond-buying as the labor market strengthens.
A spat has broken out between Hungary's Economy Ministry and Roubini Global Economics about who is to blame for the downward spiral of the national currency, the forint, after Roubini's firm Roubini Global Economics (RGE) recommended shorting the currency.
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.
Arnab Das of Roubini Global Economics said he expects the ECB to lay out specifics of the bond-buying programme. According to him, whatever steps the ECB takes would be to help the eurozone and not mitigate its woes completely.
Even if this EU summit brings along a roadmap for the eurozone, , Arnab Das of Roubini Global Economics believes it will not be enough to keep the region afloat.
Like a marriage that no longer works, the euro zone should accept its fate, split up and get divorced, according to Roubini Global Economics.
Benchmark crude oil prices will likely rise this week as risk appetite improves on optimism that Greece and private sector creditors are nearing a deal on a debt swap, CNBC`s weekly survey showed.
The eurozone is set to top the agenda at the summit. Nouriel Roubini, chairman of Roubini Global Economics and Kenneth Rogoff, Professor at Harvard University give CNBC their views on the geopolitical climate and its impact on world economies.
Benchmark crude oil prices will likely continue moving above USD 100 a barrel as an embargo on Iranian oil exports widens and fears mount that oil shipments may be disrupted from the Persian Gulf as a `war of words` escalates between Tehran and the US, CNBC`s weekly survey showed.
Arnab Das, Managing Director of Market Research and Strategy, Roubini Global Economics talks to CNBC-TV18 about why global markets are reacting so negatively, a day after the EU Summit.
Arnab Das, Managing Director - Market Research and Strategy, Roubini Global Economics has a cautious call on financial markets the world over.
Given the damage to sentiment in the past few weeks, it is hard to see markets rebounding healthily straight away, says Garry Evans of HSBC.