Nouriel Roubini Quotes

23 quotes in 436 categories

• In the history of modern capitalism, crises are the norm, not the exception.
• I think investing in a good education has been key for me, although the investment was more in time than money.
• I think globalization actually maintains and fosters various elements of national and cultural identities. I don't think everything is being homogenized. If anything, your food,…
• We're essentially continuing a system where profits are privatized and...losses socialized,
• Gold has no increasing value. And if you're really worried about, say, inflation rising, I would buy Spam. You know, you can eat Spam. You…
• Edward Conard provides a provocative interpretation of the causes of the global financial crisis and the policies needed to return to rapid growth. Whether you…
• The gains from technology must be channeled to a broader base of the population than has benefited so far.
• In an extreme credit crunch, leveraged purchases of gold cause forced sales, because any price correction triggers margin calls. As a result, gold can be…
• If you worry about financial Armageddon, it is indeed metaphorically the time to stock your bunker with guns, ammunition, canned food and gold bars.
• All the risky things that were happening back in ’06 and ‘07 are back again to the same level, if not more. So we are…
• A currency serves three functions: providing a means of payment, a unit of account and a store of value. Gold may be a store of…
• Having spent 10 years studying emerging markets, I know that you have patterns repeated over and over again. A bubble is like a fire which…
• What is important to me is that when I write something, people listen to me. I provide my wisdom to people, whether they agree or…
• Celebrity has become a burden. There are more demands on your time. People think it is glamorous to fly places. But it is not -…
• I am just a normal human being - I am alive! Why is anyone surprised that I am human? Like many New Yorkers, I have…
• What we need to understand is, one, that there are market failures; and two, that there are things like asset bubbles and irrational exuberance. There…
• A home is a home, and excess supply leads to prices falling.
• The U.S. has been living in a situation of excesses for too long. Consumers were out spending more than their income and the country was…
• I love and collect contemporary art and go to all the art fairs. I love Damien Hirst and Matthew Barney. I grew up in Italy…
• The economic costs, the financial costs, the job losses, the income losses, the fiscal costs of bailing out financial system are becoming larger and larger.

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