Global crisis politics - A Davos debate with Nouriel Roubini and Ian Bremmer on Reuters

Global crisis politics - A Davos debate with Nouriel Roubini and Ian Bremmer

As governments grapple with the global crisis, politics has taken on central importance in determining the course of the world economy — and political risk is more significant than ever.
Two leading experts on the financial crisis and its political dimensions — Nouriel Roubini and Ian Bremmer — gave exclusive answers this week to Reuters questions on the key risks for 2009 and beyond, and the countries to watch.

Read all of it on Reuters

Davos 2009: Justifying the trip
(02:01) Video Report Reuters

Jan 28 - Despite organisations cutting travel budgets and reigning in spending, it seems the World Economic Forum is still drawing large numbers.
In fact, with two-and-a-half-thousand participants, this year's event in the Swiss resort is shaping up to be one of the largest forums on record.
With delegates travelling to Davos from as far away as Australia and Mongolia,




NYU's Roubini: "Nowhere to Hide" from Global Slowdown

Nouriel Roubini of NYU’s Stern School of Business is making fresh headlines, as he's forecasting an even more dire outlook for the global economy. In an interview yesterday with Bloomberg News in Zurich, Roubini said:

The U.S. will lose 6 million jobs with unemployment reaching at least 9 percent.
* The U.S. economy will expand 1 percent at most in 2010.
* Economic growth in China will slow to less than 5 percent.
* He reiterated his statements that the biggest U.S. banks are insolvent, and that losses could reach $3.6 trillion, far exceeding his original estimates.

2009 Forecast: That bad huh?

2009 Forecast: That bad huh?

(An Opinion from Accrued Interest Blog)
One is that in the debt markets, the fundamental outlook has generally been good. You had persistently low inflation, mostly low volatility, and a growing economy. Sure, some bonds went bad, but for the most part, the fundamental picture was good. The problem was always valuation. You'd look at a corporate bond and see a whopping 100bps spread or something and it would seem like all downside, no upside risk. But of course, you had to buy something, so you'd hold your nose and buy it.
Now its just the opposite. The fundamental outlook is piss poor, but the valuations look extremely cheap across all risk sectors.
http://accruedint.blogspot.com/2009/01/2009-forecast-that-bad-huh.html