Complete video at: fora.tv NYU economics professor Nouriel Roubini warns the United States economy can’t handle another financial crisis, which he says is avoidable with the right regulations in place. “The last three US recessions have been caused by asset bubbles going wrong,” says Roubini. “There is a pattern here.” —– Experience talks, conversations and readings from the 92nd Street Y’s vast archive, featuring Nobel Laureates and world leaders, giants of literature and science, legendary entertainers and artists, and the fascinating people who have graced the Y’s stage over the last 75 years. Nouriel Roubini, a professor of economics at New York University’s Stern School of Business, has now written a myth-shattering book about the methods he used to foretell the crisis before other economists saw it coming, entitled Crisis Eco-nomics: A Crash Course in the Future of Finance. Nouriel Roubini served in the White House and the United States Treasury Department. He is the founder and chairman of RGE Monitor, an economic and financial consulting firm, and is an advisor of central bankers around the world. He was named one of the Top 100 Public Intellectuals in the world in 2008 by Foreign Policy magazine, and Fortune magazine has singled him out as one of the market experts who predicted this severe financial crisis.
A brief and simple explanation of why this crisis was doomed to happen given by someone who, in 1999, wrote “the possible Big Bang that scares me the most is the one that could happen the day those genius bank regulators in Basel, playing Gods, manage to introduce a systemic error in the financial system” and then who, while an Executive Director of the World Bank, 2002-2004, did all he could to warn about the utterly faulty regulatory paradigm that had been adopted by Basel… all to no avail. You can find much more here: www.subprimeregulations.blogspot.com financefordevelopment.blogspot.com baselcommittee.blogspot.com www.theaaa-bomb.blogspot.com
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This video is the 2nd in a 4-part series that presents the essentials of investment decision-making. Part 2 covers the NPV (net present value) and IRR (internal rate of return).
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