Nouriel Roubini is a Professor of Economics and International Business at the NYU Stern School of Business. He has previously served as Advisor to the U.S. Treasury Department, Senior Advisor to the Under Secretary for International Affairs, Director of the Office of Policy Development and Review, and Senior Economist for International Affairs, White House Council of Economic Advisers.

Blog Entries by Nouriel Roubini

The World Is at Severe Risk of a Global Systemic Financial Meltdown and a Severe Global Depression

69 Comments | Posted October 11, 2008 | 10:00 PM (EST)


The US and advanced economies' financial system is now headed towards a near-term systemic financial meltdown as day after day stock markets are in free fall, money markets have shut down while their spreads are skyrocketing, and credit spreads are surging through the roof. There is now the beginning of...

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