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 value for wealth, but it is not a means of payment. You cannot pay for your groceries with it. Nor is it a unit of account. Prices of goods and services, and of financial assets, are not denominated in gold terms.
I am not going to say I told you so, but I did. - Nouriel Roubini
I am not going to say I told you so, but I did.
- Nouriel Roubini
In the history of modern capitalism, crises are the norm, not the exception. - Nouriel Roubini
In the history of modern capitalism, crises are the norm, not the exception.
I believe, unlike people that are totally free-market, laissez-faire fundamentalists, that there is an important role that the government can play - … - Nouriel Roubini
I believe, unlike people that are totally free-market, laissez-faire fundamentalists, that there is an important role that the government can play - …
You have to eventually nationalize US banks, you have to take the problem by the horns. In my view actually most of the US banking system is insolven… - Nouriel Roubini
You have to eventually nationalize US banks, you have to take the problem by the horns. In my view actually most of the US banking system is insolven…
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 value for wealth, but… - Nouriel Roubini
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 value for wealth, but…
I think it's true that the 1 Percent or the elite are living in a world of, maybe, excessive privilege, and they don't fully realize how much pain an… - Nouriel Roubini
I think it's true that the 1 Percent or the elite are living in a world of, maybe, excessive privilege, and they don't fully realize how much pain an…
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 needs oxyg… - Nouriel Roubini
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 needs oxyg…
Once you run current-account deficits, you depend on the kindness of strangers. This might be the beginning of the end of the American empire. - Nouriel Roubini
Once you run current-account deficits, you depend on the kindness of strangers. This might be the beginning of the end of the American empire.
The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopol… - Nouriel Roubini
The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopol…
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