Word: nouriel
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Dates: during 2000-2009
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...Nouriel Roubini, the New York University economics professor who was famously early in predicting that the end of the housing boom would cause a financial crisis, estimates that continued loan losses will force U.S. banks to come up with an additional $1.4 trillion just to stave off bankruptcy. And since the banks aren't likely to earn much money or attract new investors anytime soon, much of the money will have to come from the government...
...raging debate about the largest American banks is whether their stock market values should be zero. Economist Nouriel Roubini, the most highly paid pessimist in the world, recently said that U.S. banks are "insolvent" and credit crisis write-downs will total $3.6 trillion. That is a great deal more than has been taken as losses by financial firms to date...
...gloom-and-doom camp makes a persuasive case. Nouriel Roubini, a professor at New York University, had been warning for years of the dangers of an international financial implosion - and the current economic crisis proved him depressingly right. In a recent article Roubini has laid out a bleak scenario for China. "The risk of a hard landing in China is sharply rising," he writes. "A deceleration in the Chinese growth rate ... is highly likely, and an even worse outcome cannot be ruled out." But a clique of China specialists inside the country predicts a different outcome. They believe that...
...Some respected voices certainly think so. Nouriel Roubini, a professor at the Stern Business School at New York University, has warned for years of the dangers of a coming financial implosion. "The risk of a hard landing in China is sharply rising," he wrote recently. "A deceleration in the Chinese growth rate to 7% in 2009 - just a notch above a 6% "hard landing" - is highly likely, and an even worse outcome cannot be ruled out at this point." But other analysts, many of whom are China specialists, believe that a range of factors unique to the nation will...
...That puts Goldman well ahead, for the moment at least, of even Nouriel Roubini, the New York University professor known as Dr. Doom - whose current forecast is about -4%. Lots of Wall Street economists less renowned for their gloominess have by now moved past the -3% mark. In fact, one explanation for the stock market's horrible week could be that the realization of just how bad the quarter will be is finally sinking in among investors. (See the Top 10 Dow Jones drops...