Word: nouriel
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Dates: during 2000-2009
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Rounding out the top of the list from Cambridge were HLS graduate President Barack Obama (2)—an odd choice, we know—and economist and Harvard Ph.D. Nouriel Roubini...
...turns worse, slightly less than 6% of Wells' commercial real estate loans would default this year and next, which was much less than the industry average expected loss of as much as 12%. Some economists think it will be even worse than the government thinks. New York University economist Nouriel Roubini estimates that as much as 17% of commercial real estate loans could eventually go unpaid. Regulators wouldn't say why the government predicted that Wells' commercial loan portfolio would perform better than other banks. But if it doesn't, Wells' bottom-line losses could be a big negative surprise...
Here's the not-so-bad news: We are nearing a bottom. Housing prices are falling, but not as rapidly. Consumer confidence is up. Banks are earning money. The stock market in April had its best month in nine years. Even Nouriel Roubini, the New York University professor known for his dire economic predictions, thinks we are on the mend. Sort...
...Facts are important too, and some think Geithner and the government are fudging them. Nouriel Roubini, the hard-headed pessimist who foresaw the financial crisis, wrote Tuesday in the Wall Street Journal that the overall positive message of the stress tests "would be good news if it were credible," but it's not. He points to the recent IMF report that estimated $2.7 trillion in U.S. loan and security losses, and his own estimate of $3.6 trillion for the same potential losses. "The financial system is currently near insolvency," he concluded. Bernanke disputes the numbers, saying banks have "taken significant...
...ahead of ourselves. So far, all we've seen is a slowing of the breakneck economic decline that began in October. There are differing spins you can put on this truth. "People like to talk about green shoots," New York University economist Nouriel Roubini said during a recent visit to TIME. "All I see is a lot of yellow weeds." On the other hand, a slowing in the pace of decline during a recession has in the past almost invariably segued into the end of that decline, recession maven Lakshman Achuthan of the Economic Cycle Research Institute said...