Posted on February 13, 2009 by MoneyBob
On Nouriel Roubini’s Global EconoMonitor, Nouriel Roubini argues that it is time for ‘Plan N’, namely a nationalization of insolvent banking systems. The very cumbersome U.S. Treasury proposal to dispose of toxic assets – presented by Treasury Secretary Tim Geithner – can be best understood as a combination of removing toxic assets off the banks’ [...]
Filed under: Banking, Credit Crunch, Deflation, Depression, Dooms Day, Economy, Nouriel Roubini, economics | Tagged: Deflation, Depression, economics, Economy, Nouriel Roubini, RGE Monitor | Leave a Comment »
Posted on February 9, 2009 by MoneyBob
Unemployment Rate Jumped to 7.6% Jan 2009: Payrolls fell 598,000 (biggest monthly decline since Dec 1974) after falling by 577,000 in Dec and 597,000 in Nov 2008, Unemployment rate rose from 7.2% in Dec 2008 to 7.6% in Jan (a 16-yr high) Payrolls have declined 3.57 mn since start of the recession in Dec 2007 [...]
Filed under: Credit Crunch, Economy, Nouriel Roubini, Thoughts, Unemployment Rate, Work, economics | Tagged: economics, Economy, Lost Jobs, Nouriel Roubini, Payrolls, RGE Monitor, Unemployment Rate | Leave a Comment »
Posted on December 4, 2008 by MoneyBob
Roubini: U.S. and global economy are at risk of a severe stag-deflation. A severe global recession will lead to deflationary pressures. Falling demand will lead to lower inflation as companies cut prices to reduce excess inventory. Slack in labor markets from rising unemployment will control labor costs and wage growth. Further slack in commodity markets [...]
Filed under: Credit Crunch, Deflation, Economy, Gold, Inflation, Interest Rates, Investing, Market History, Nouriel Roubini, US Dollar, economics | Tagged: business, Deflation, economics, Economy, Inflation, Interest Rates, RGE Monitor, Work | 1 Comment »
Posted on November 28, 2008 by MoneyBob
Can Central Banks Go Broke? Fed Refuses To Disclose Collateral Composition And Recipients Of $2.8 Trillion Loans The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the U.S. GDP, to rescue the financial system since the credit markets seized up 15 months ago. Bernanke’s Fed is [...]
Filed under: Credit Crunch, Dooms Day, Economy, Nouriel Roubini, Retirement, Risk in Portfolio, Saving, The Fed, Treasury Department, US Dollar, economics | Tagged: Deflation, economics, Economy, finance, Life, Nouriel Roubini, Personal Thoughts, Recession, RGE Monitor, Work | Leave a Comment »
