Search Details

Word: nouriel (lookup in dictionary) (lookup stats)
Dates: during 2007-2007
Sort By: most recent first (reverse)


Usage:

...banks and brokerages are taking huge write-downs tied to the mortgage-backed instruments that kept the Ponzi-loan machine oiled. Economists are furiously debating whether we're on the brink of a full-fledged "Minsky moment," in which lending shrinks sharply across the board. Nouriel Roubini, an NYU economist and a widely read forecaster, got a lot of attention in November by professing to see risk of "generalized meltdown of the financial system of a severity and magnitude like we have never observed before." That sounds bad. But even if the damage is restricted to U.S. mortgage markets...

Author: /time Magazine | Title: Bracing for a Recession | 11/29/2007 | See Source »

| 1 | 2 | 3 | 4 | 5 | 6 | Next