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Facing Up to Hard Truths 

Bloomberg Live
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Jun.23 -- New York University Stern School of Business Economics Professor Nouriel Roubini talks with Bloomberg’s Stephanie Flanders at the Bloomberg Invest Global virtual summit about the hard economic truths facing the globe as the pandemic shows no end in sight.

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13 окт 2024

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Комментарии : 186   
@superwiseman452
@superwiseman452 4 года назад
Great interview. Dr. Roubini tells a compelling narrative and everyone should listen carefully to his arguments.
@tomtesoro7994
@tomtesoro7994 4 года назад
HE is sidelined so easily despite his accuracy as the 'DOOM' merchant! as if if you tell the truth YOU are somehow a traitor to the 'market spruikers'
@brianrichards7006
@brianrichards7006 4 года назад
One cannot argue very strenuously with Mr. Roubini's thoughts. We live in a time period in which change is so rapid, humans will have a difficult time adapting. Good luck to all of us.
@arielholtz
@arielholtz 4 года назад
These longer pieces are great. Airways such smart hosts and guests
@buzzpedrotti5401
@buzzpedrotti5401 4 года назад
There is no account here of human innovation, effort, and capacity to adapt. He states the environment that we may live in, but not how well we respond and adapt.
@VideovigilanteUSA
@VideovigilanteUSA 4 года назад
Buzz Pedrotti thank you #elonmusk nation
@piaoliang5467
@piaoliang5467 4 года назад
She KEPT trying to PRYBAR Inequality into his statement but he carefully avoided it. Good for him, not being a tool
@rifekimler3309
@rifekimler3309 4 года назад
Rubini knows what he is talking about and speaks with integrity.
@janvanc7190
@janvanc7190 4 года назад
Left side with bookshelf background: I am smart. Right side without bookshelf: smart and humble person. Left side desperately looking for a hope giving good outlook answer. Right side: reality hits hard. Suck it up and prepare yourselves for at least a decade of pain and getting everybody's feet back on the ground. It's long, long overdue.
@tlittle6539
@tlittle6539 4 года назад
Thomas Piketty laid this out in his book Capital. It is a huge issue in how to share wealth. My personal view is that death and estate taxes will have to be increased to very high levels so that the class system is disrupted rather than passed on to the next generation of the rich.
@catxnc
@catxnc 4 года назад
Well dang! Being 70 yrs old, I've only got one healthy decade left!
@sommi888
@sommi888 4 года назад
🧡💛💚💙 Make sure your portfolio has 10% to 15% allocation in Gold in order to protect your purchasing power for the next 10-15 years 🧡💛💚💙
@MAdams-ey4if
@MAdams-ey4if 4 года назад
Life Extension, man! Git in da game!
@timjones1583
@timjones1583 4 года назад
Thats right...... If they let you live.
@Pinchshot39
@Pinchshot39 4 года назад
I'm 60. Wish I was 80.
@mawavoy
@mawavoy 4 года назад
John Hill , perhaps if you are lucky. Old men do not fare well when blood runs in the streets.
@collinlovas
@collinlovas 4 года назад
Great interview; great guest. Thank you!
@buzzpedrotti5401
@buzzpedrotti5401 4 года назад
So, amid this doom, Doctor, what do you suggest?
@jondawber4690
@jondawber4690 4 года назад
Rubini lives in the real world. Congress moves slowly and has no interest in large social programs. There is only 1 government : bankers ingrained with hedge funds.
@tomtesoro7994
@tomtesoro7994 4 года назад
'no interest in social programs' ( understatement!) THEY create economic terrorism on our society, THEN, post depression THEY contract, their spending creating longer term recessions and social welfare suffering and unemployment.. for a long long time, WHILE politically THEY create ANTI-democratic forces to prevent any 'social welfare spending
@jondawber4690
@jondawber4690 4 года назад
@@tomtesoro7994 I was reading about Alexander Hamilton . He wanted a central bank with high public debt so wealthy gentlemen could benefit. Hamilton even paid pennies on the dollar for war bonds that veterans did not know had full face value. 200 years later, the economy he created still exists. There are successful programs today, when viewed by Hamiltonian Cronies. Increased debt but fed private balance sheet is only known to a few wealthy families... and incarcerating black men in privately funded prisons whose labor is paid pennies an hour . People shouldn't be scratching their heads wondering why there is now a leftist movement accompanied by looting .
@tomtesoro7994
@tomtesoro7994 4 года назад
The 'New Depression' ( greater than 1929) is now a battle between the 'market' , ( international) elite and controlling of their sovereign employees world wide and the rest of the world's citizens. The economic and social 'split' , manufactured by the neo-liberals to carve out the world's resources and thus command its economic and social direction, has now even despite their failure ( moral) WILL still via deception and political distraction ( personality politics, race, virus etc) now try valiantly to revive itself into a ' neo-liberal economic state, mark 2' and this time with fewer barriers to its revival and added public sovereign tax payer bailouts.. to assist! This 'economic terrorism' is blatant and materially dangerous due to the attempts for the neo-liberals to constantly absolve themselves of any blame. History is being re written.. ( no its was the virus, not economic failure) and nations are now 'pointing fingers' ( look at China.. ) as they, the elites of gather world 'fight' to squirm out of any world wide economic armageddon blame. Beware the blatant 'gun boat diplomacy' occurrences.
@tomtesoro7994
@tomtesoro7994 4 года назад
@kl wies thank you for your wise accurate comments... 'accuracy and wisdom' are not the usual fare here..
@tomtesoro7994
@tomtesoro7994 4 года назад
@Rob Basque with 45 million US. unemployed , get ready for the exploitations.. and 'slashing' ( subtle, invisible)
@nonviolentcommunicationpro1602
@nonviolentcommunicationpro1602 4 года назад
I like to listen to him - he is very knowledgeable, always showing different "dots in the diagram" (world economy) and how they relate.
@vladimirjelisavcic3491
@vladimirjelisavcic3491 4 года назад
Partially, but he is biased to his Dr Doom brand, which influences his judgement.
@orwellhuxley6301
@orwellhuxley6301 4 года назад
Nouriel tells it like it is.
@edwardlee6080
@edwardlee6080 4 года назад
So who will be the buyers of products if the robots will replace people on the jobs ???
@thiinkerca
@thiinkerca 4 года назад
Excellent interview and discussion . Thank you . The theory of markets needs a reset vs more money printed to protect the .1%
@shakazulu3279
@shakazulu3279 4 года назад
This is Pravda II allowing just a small amount of disclosure that, while they try to downplay and sugarcoat it (the hostess, not Roubini!), they also hope it will go unnoticed and/or over the heads of the masses.
@buzzpedrotti5401
@buzzpedrotti5401 4 года назад
He stated the reason to divorce from untrustworthy sources quite well.
@cw1967
@cw1967 4 года назад
It's not doom and gloom, it's reality but typically people criticise what they fear. My only observation is that if people have to save more then a future digital currency will use negative interest rates to force money into the economy but it will be have a reduced impact because people will not have much savings because the pay and financial incentives of work will be reduced because it will be an employers market.
@COVID...19
@COVID...19 4 года назад
I love her sweater ❤️.
@joyofishingchannel9519
@joyofishingchannel9519 3 года назад
Greetings from Indonesia
@davidbaker5561
@davidbaker5561 4 года назад
Dr Roubini talks of the danger of stagflation due to the combination of monetarisation of debt and the supply side shock of the virus & de-globalisation. Perhaps if we used QE money for massive investment in the productive areas of the economy & new technology has (which will mean massive State intervention on the scale seen only in China, which has turned itself from a third world country to an economy smaller only than the US in 40 years) we could avoid this.
@johngardner1511
@johngardner1511 4 года назад
Just give one company a monopoly in 5G. Of course, monopolies always play nice, are free of corruption, will never interfere with competition, and will always seek to provide the lowest price possible for their monopoly product. Nouriel, you are nuts!
@billcarney829
@billcarney829 4 года назад
He didn't look or sound very happy to meet this former colleague.
@luxushauseragency
@luxushauseragency 4 года назад
Sounds like most of the 2020's will be spent in complete turmoil.
@brandonreed09
@brandonreed09 4 года назад
Well his nickname isn't Dr. Doom for nothing
@Notrocketscience101
@Notrocketscience101 4 года назад
Nobody knows the future, especially Dr. doom who missed the greatest bull market in history. We must have a primitive part of our brain needed to always be afraid of things, now it’s become a big liability.
@Zayden.
@Zayden. 4 года назад
We're at the opening of a revolutionary era, all power to the workers! Down with the grotesque capitalist regimes!
@idontwantahandlewhymustidothis
@idontwantahandlewhymustidothis 4 года назад
@@Zayden. Also revitalize the BP to their former glory
@aroundandround
@aroundandround 4 года назад
Deleveraging, deglobalization, depravation, degradation, debauchery, daemons, dengue, dyptheria, death and doom.
@richard6231
@richard6231 4 года назад
You forgot death.
@williamtaylor5193
@williamtaylor5193 4 года назад
...debt, dehydration, dummies, and dipshits.
@Ryan_Tinney
@Ryan_Tinney 4 года назад
Bears, Beets, Battlestar Galactica
@thomastrojak6824
@thomastrojak6824 4 года назад
and now for the bad news...
@b.j.n.g.354
@b.j.n.g.354 4 года назад
YOU HAVE FORGOTTEN , INTER ALIA : DEPRECIATION DEPRAVITY DESPERATION DESSICATION DEPRESSIVENESS DEPRESSION DECLINE DECOUPLING DEBILITATION AND/OR DEGENERATION. BE WELL. ---PROFESSOR BJNG.
@JonathanVaucher
@JonathanVaucher 4 года назад
It's actually starting to even affect also the highly skilled workers. For example the visa ban will block medical physicians and scientists to contribute to the advance of knowledge, pursue state of the art fellowship trainings, contribute to research and clinical duties. The New York Mermorial Sloan Kettering Cancer Center (MSKCC) is one exemple of this. And they clearly are taking position on this major issue as you can see in this official declaration: www.mskcc.org/news-releases/msk-s-response-executive-order-suspending-visas
@buzzpedrotti5401
@buzzpedrotti5401 4 года назад
It is not clear that isolating difficult neighbors will reduce productivity. It makes life safer and more certain.
@ieagleson1
@ieagleson1 4 года назад
The pie is going to be bigger. The distribution of the benefits will be more narrow. Time for universal basic income.
@arodriguez2707
@arodriguez2707 4 года назад
We need the Fed to screw off and allow the deflation forces to take over, RE & Equities prices need a huge correction.
@johnl.7754
@johnl.7754 4 года назад
Adrian Rodriguez then the president will fire him and get someone else.
@arodriguez2707
@arodriguez2707 4 года назад
@@nambypamby5531 that's a great point, but if you subscribe to Nouriel's theory which is shared by several prominent economists around the world then it would be better to face the music now and not later. Maybe his theories don't happen and maybe the Fed can increase their balance sheet to the moon, but if they can't I at least want a little insurance.
@maxintel1446
@maxintel1446 4 года назад
@3:50 Bloomberg muted interview but I and many others have the ability to read lips. Shame on Bloomberg for trying to silence the truth!
@edwardleroy7648
@edwardleroy7648 4 года назад
I wish that you had posted your interpretation. What about @: 12:11 , there was a click out there also? I can read lips a little but I have a hard time understanding some of his spoken Eastern European accent. He does speak more clear English than many.
@markus27183
@markus27183 4 года назад
what did he say??
@paloman95
@paloman95 4 года назад
Pfft. He said that nationalist populist protectionist policies will have a negative impact on the global economy. The second sentence is "what comes to the tensions between US and China..." You can't read lips for shit
@christophercooper2208
@christophercooper2208 4 года назад
There is and will be a renaissance of raves as pubs clubs and other venues will be unobtainable. People will take to outdoor entertainment
@SpaceWalkTraveller
@SpaceWalkTraveller 4 года назад
Thanks for the interview. I think his U shape recovery is too optimistic. Maybe a W or a L shape.
@Aspirenow1
@Aspirenow1 4 года назад
W shape
@dangiscongrataway2365
@dangiscongrataway2365 4 года назад
So what are you telling me is that in a year when I finish my economics degree I won't find a job?
@DrTune
@DrTune 4 года назад
Best option is to get yourself cryogenically frozen and come back in 2050
@ozgal606
@ozgal606 4 года назад
Well barristers can't so...
@guillermocrespo8144
@guillermocrespo8144 4 года назад
Bwoooaaahhhh. Earth will continue spinning after this guy is gone.
@seriouslyyoujest1771
@seriouslyyoujest1771 4 года назад
And Earth will spin when our Reserve Dollar is replaced.
@paloman95
@paloman95 4 года назад
Yeah, but you might not be on it. It's incredible that people would rather listen to politicians than economists.
@ChrisSMurphy1
@ChrisSMurphy1 4 года назад
Roubini predicted an economic collapse for the last decade...he never predicts global growth. I’m not sure why he’s still taken witH such credibility
@myaccount74
@myaccount74 4 года назад
If you look at numbers the raw gdp growth for the past 5 years has been lower than the public debt growth alone. So there is no real economy growth, only growth funded by the growth of debt.
@VFatalis
@VFatalis 4 года назад
Chris Murphy He predicted the 2008 crisis and explained how it unwinded. The reason he doesn't predict growth is because there will be no growth at all. Economic growth is directly correlated to oil consumption, and we past peak oil in nov. 2018. From now on growth can only be obtained with debt.
@ChrisSMurphy1
@ChrisSMurphy1 4 года назад
My Account fair point, but Again a true economist doesn’t just predict global doom. Just cause he got it right once in 2008 doesn’t make him a great predictor of future growth.
@michaelb.5893
@michaelb.5893 4 года назад
I expected an interview versus this conversation.
@postscript5549
@postscript5549 4 года назад
Sound volume low.
@untouchable360x
@untouchable360x 4 года назад
Hard truths cut both ways.
@jc.1191
@jc.1191 4 года назад
🍿
@augurcybernaut4785
@augurcybernaut4785 4 года назад
🧄 🧂
@donikajorgo5612
@donikajorgo5612 4 года назад
Storm always without resulting. Thx
@christianmolick8647
@christianmolick8647 4 года назад
Doctor Realist, please. Do the math: Everything he says checks out and his record is quite good.
@VideovigilanteUSA
@VideovigilanteUSA 4 года назад
Why can't you have select globalization? This guy tweets anti trump virus tweets..i think he lives in the US... He needs globalization .
@saeedbasabain4188
@saeedbasabain4188 4 года назад
God bless all
@elizabethlibero1878
@elizabethlibero1878 4 года назад
Organized religion and invisible men don’t help
@saeedbasabain4188
@saeedbasabain4188 4 года назад
How economic now in US?
@augurcybernaut4785
@augurcybernaut4785 4 года назад
So long as USA has a secondary credit market then all is well. But “zombie” corporations re growing and growing.
@buzzpedrotti5401
@buzzpedrotti5401 4 года назад
We survived the 70s. A few important changes took place, and lot of people chose to destroy themselves. The survivors thrived.
@RGMiron
@RGMiron 4 года назад
Isn't this one of the economic geniuses who encouraged TARP and QE back in 2008? Ya he was a "Kick the can" guy. Hay Professor, I told you it was a cul-de-sac. V shape recovery, indeed.
@robertomanz6399
@robertomanz6399 4 года назад
next time turn up the volume. you recorded it way too low. . R,
@SvenEisold
@SvenEisold 4 года назад
Very interesting, but to negative for the future.
@VFatalis
@VFatalis 4 года назад
If you think the future is rosy, then I'd like to know what pills you take.
@PMW10
@PMW10 4 года назад
This guy is a riot
@clarkewi
@clarkewi 4 года назад
This man has been nicknamed "Dr. Doom" and you can see why.
@sommi888
@sommi888 4 года назад
🧡💛💚💙 Yes he said Bitcoin was going to $0 in Jan 2018 when it was $3,200 and now its up 3x from there. He was all Doom about Bitcoin and he was WRONG 🧡💛💚💙
@elizabethlibero1878
@elizabethlibero1878 4 года назад
What do you want REN and Stimpy HAPPY HAPPY JOY JOY!?
@denisemariefugo5126
@denisemariefugo5126 4 года назад
Outstanding analysis.
@buzzpedrotti5401
@buzzpedrotti5401 4 года назад
He ignores that each new generation creates its own economy and values according to the resources available to it.
@pedrorodrigueztube
@pedrorodrigueztube 4 года назад
Ok so whats next from service industry. I see a little going back to industry economy, but that's going to be automated, same as automated service industry. What's left?
@BrianBetron
@BrianBetron 4 года назад
Thumbs down: come on Bloomberg we have all been working from get a decent microphone.
@MF-en1wg
@MF-en1wg 4 года назад
Could there be more jobs in a machinated world? Probably, someone has to maintain all those robots..
@BD-me4nk
@BD-me4nk 4 года назад
Yeah, one person, the owner of the robot. Everyone else will be chasing food like the wildlife outside
@charleswilson8038
@charleswilson8038 4 года назад
Bounce back with some economies in the next few months? What R U drinking. Must B Good.
@thelight888
@thelight888 4 года назад
Back in Black......
@inch7293
@inch7293 4 года назад
Dr doom is right i laughed so much i thought dooms day is at door
@rongants6082
@rongants6082 3 года назад
Why is that woman wearing pajamas for this interview?
@nancylaplaca
@nancylaplaca 4 года назад
Thé sound of a phone ringing in the background is very annoying, makes it hard to hear Noriel
@angusm9419
@angusm9419 4 года назад
He's sugar coating things. Fact is, this is SHTF and things are gonna get real.
@georgefolgers8731
@georgefolgers8731 4 года назад
Nobody mentions this , this will be inevitable but a reality Wait till the hospitals start filing bankruptcies, these hospitals absorbed the finanacial burden of the virus, the hospital bankruptcies this will happen 8 - 12 months from now . No fault to them, the big national hospital bailout to come.
@angusm9419
@angusm9419 4 года назад
@@datdude8878 It's already happening. Bankruptcies (personal AND corporate) are skyrocketing. Phony numbers from the government mask the real circumstances. Save your money!
@johnpaulspeedsktr
@johnpaulspeedsktr 3 года назад
No book deal for you
@Resologist
@Resologist 4 года назад
Amazing, but the "hard truths"? Instead of a pointless 28-minute interview, maybe ask some concise questions, get his answer (not rambling babble-speak), and it would only take 5 minutes!
@DrTune
@DrTune 4 года назад
? Lots of info there. Did you want three word answers?
@DrTune
@DrTune 4 года назад
"So.. could there be any good news here?" ".... .... .... eh."
@tomtesoro7994
@tomtesoro7994 4 года назад
WHY? must there be "good news?" MAYBE 'bad news' is an negligent signal for all of us to get off the fence and CHANGE OUR SYSTEMS of government and actually participate in its action planning!
@vadinho4321
@vadinho4321 4 года назад
So basically he is predicting a "reverse N" recovery...
@orangequant
@orangequant 4 года назад
hahaha- 16:43 "either way, we're in a trap"
@neilwalsh3977
@neilwalsh3977 4 года назад
Maybe our 'growth obsession' is the problem?
@mikkokarkkainen2807
@mikkokarkkainen2807 4 года назад
ROTFLMAO S&P 500 going to 4000 🤑
@jc.1191
@jc.1191 4 года назад
I hope not for a while, I need to invest way more money first! Lol
@buzzpedrotti5401
@buzzpedrotti5401 4 года назад
Work hard and save.
@mareksniknais5415
@mareksniknais5415 3 года назад
bitcoin
@buzzpedrotti5401
@buzzpedrotti5401 3 года назад
@@mareksniknais5415 good luck with that.
@denissmith3658
@denissmith3658 4 года назад
You said the stock market was having a dead cat bounce, well well it went all back up, you missed the call, you should admit you were wrong. Yes you said a few months ago we were going into a depression, now you moved the goal posts back again.
@AS-iu3pl
@AS-iu3pl 4 года назад
I'm curious to see how well your comment will age.
@denniscosban6145
@denniscosban6145 4 года назад
I will gladly pay twice the average daily wage. People need money to buy my automobiles. Henry Ford.
@Notrocketscience101
@Notrocketscience101 4 года назад
Of all the predictions, V, L, U, crash, nobody got the right one, like a rocket!
@animalfacetees5360
@animalfacetees5360 4 года назад
Doom dude is wrong a lot
@chinhau8702
@chinhau8702 4 года назад
Honest people do that... Barking dogs prefere distortions..
@Mayeverycreaturefindhappiness
@Mayeverycreaturefindhappiness 4 года назад
He doesn’t understand ai
@ef3371
@ef3371 4 года назад
Good interview with good questions. Marred by a slightly rude and condescending interviewer (- but then she is British). Roubini is quite brilliant.
@oliviawoods5418
@oliviawoods5418 4 года назад
?? I think she is an excellent interviewer, respectful and helpful.
@ggg-oj4hs
@ggg-oj4hs 4 года назад
nothing new, man in street knows this muck of yotube.
@SammyC27
@SammyC27 4 года назад
oh not this doom and gloom marketing guy again. but at least he mentions climate change. fossil fuel economies are fxxked.
@renehernandez558
@renehernandez558 4 года назад
I didn’t understand a word you guys said and I’m smart. Are you guys catering to esoteric people. Listen to what you guys are saying you guys make no sense.
@PhilippeOrlando
@PhilippeOrlando 4 года назад
Please, that guy talks as if he had a crystal ball! I'd listen to him if he was a tiny bit more nuanced and humble, but he's so full of himself, like most economists. Couldn't go pass 6 minutes
@Yomamaissoo
@Yomamaissoo 4 года назад
Roubini looks like he just finished one of his parties with his models.
@johnpaulspeedsktr
@johnpaulspeedsktr 4 года назад
How many econ profs are billionaires? Asking for a friend....
@Expatsunleashed
@Expatsunleashed 4 года назад
Not everything is measure by the size of one’s bank account.
@idontwantahandlewhymustidothis
@idontwantahandlewhymustidothis 4 года назад
@@Expatsunleashed A classic fallacy constructed by capitalism, equating success to income
@mrzack888
@mrzack888 4 года назад
17:15 to 17:45 very racist transition
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