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Posts Tagged ‘Nouriel Roubini’

Roubini on Greed and Amorality

Posted by Larry Doyle on August 26th, 2010 5:38 AM |

Nouriel Roubini is both revered and derided. While he gains huge credit for having forecasted our economic meltdown, he is equally maligned for having missed the 2009 rally in the markets. I am less concerned with Roubini’s market calls, but I am very interested in his views on the inner workings of our economy and market structures. To this end I was thrilled to review Roubini’s recent Project Syndicate commentary, Gordon Gekko Reborn.

As you read Roubini’s commentary, I encourage you to think whether the recently enacted Financial Regulatory Reform package will fully address and implement the changes Roubini deems necessary. I will add my take as we navigate. On that note, Roubini writes: (more…)

Insiders’ Views on Financial Regulatory Reform

Posted by Larry Doyle on July 16th, 2010 1:02 PM |

What do industry insiders think of the Financial Regulatory Reform package coming out of Washington? The Wall Street Journal provides a fascinating review in Fed Gets More Power, Responsibility. Let’s navigate.

1. Henry Paulson
Former Treasury secretary
Grade: Incomplete
The systemic-risk council, tougher Fed regulation over top financial institutions and new authority to wind down failing institutions are essential steps forward. Improving derivatives rules is a real positive. But the bill doesn’t tackle Fannie and Freddie, and there are too many unknowns as to how the regulations will be applied.
Will it help prevent another crisis? (more…)

Roubini: “How to Avoid Double Dip Global Recession”

Posted by Larry Doyle on June 15th, 2010 5:05 PM |

I need to make a point, on a more regular basis, of visiting my Sense on Cents link to Project Syndicate. This site provides a virtual treasure trove of fabulous writers and insightful global perspectives. For example, widely read and renowned economist Nouriel Roubini offers what policymakers should do in writing, How to Avoid a Double-Dip Recession:

First, in countries where early fiscal austerity is necessary to prevent a fiscal crisis, monetary policy should be much easier – via lower policy rates and more quantitative easing – to compensate for the recessionary and deflationary effects of fiscal tightening. In general, near-zero policy rates should be maintained in most advanced economies to support the economic recovery. (more…)

Nouriel Roubini Agrees with Jeff Gundlach

Posted by Larry Doyle on October 27th, 2009 11:18 AM |

Dr. Doom agrees with Wall Street’s top fixed income manger? Who are these individuals and on what do they agree?

Both these individuals are Economic All-Stars here at Sense on Cents (see left sidebar).  Nouriel Roubini (aka Dr. Doom) and Jeff Gundlach (aka Wall Street’s top fixed income manger) possess a contrarian view on the future of the U.S. dollar. While most analysts, economists, traders, investors, and speculators call for ongoing weakness in the greenback, Roubini and Gundlach believe the dollar will rebound and risk-based assets will retreat.

I addressed Gundlach’s views on this market driving principle on September 10th when I wrote “Jeff Gundlach of TCW Calling for Deflation and Dollar Rally”: (more…)

Navigating Sense on Cents

Posted by Larry Doyle on April 11th, 2009 7:29 AM |

As many people travel this weekend to be with friends and family, I would like to take an opportunity to navigate the highways and byways of links and material connected to Sense on Cents.

I hope this post will open more eyes and ears to wider avenues of information as we collectively try to make sense of the economy, markets, and world of global finance.

If I could beg your indulgence, if any of these links do not interest you but you feel they may help others, please pass them along. I thank you in advance.

With no further adieu, let’s travel around Sense on Cents . . .

Career Planning: I have always taken pleasure in providing career guidance. I provide a wealth of  Must Read articles from a variety of sources along with a Workshop for developing a game plan.

Market Data:  this page connects to real time market data from the Wall Street Journal. Every sector of the market is a mere point and click away. Stocks, bonds, currencies, commodities, economic data, international markets, historical graphs, and more…

Newsworthy: some stories have made headlines, while others are off the beaten path.  These stories come from your local papers and from posts around the world. I welcome sharing them with you.

No Quarter Radio: “Sense on Cents with Larry Doyle”  is my weekly Sunday evening radio program. I share insights and perspectives on the markets and economy while also hosting outstanding professionals from all corners of finance as my guests. All shows are archived and available as podcasts on iTunes. I also provide an audio player right here on Sense on Cents immediately after the completion of each show so that you can listen to a playback of the show right from this site.

The Reading Room is filled with a variety of books (pleasure, finance, inspirational, educational) that I have enjoyed and found impactful.

For those working their way up the learning curve (aren’t we all?), I have
Primers on the following topics:

Investing: anything you could ever possibly want defined or simplified.
Mortgage Market and Mortgage Finance
Financial Aid
Insurance
Debt Management

I also closely track a number of professional money managers, economists, and analysts. This collection of pro’s pros are my Economic All-Stars and include:

Laszlo Birinyi: outstanding equity manager and Wall Street veteran

Nouriel Roubini: highly acclaimed NYU economist

Jeff Gundlach: the highly acclaimed Chief Investment Officer of Trust Company of the West

Bob Rodriguez: along with his First Pacific Advisors colleague Tom Atteberry, named Morningstar’s 2008 Fixed Income Managers of the Year

Bill Gross: the highly acclaimed bond manager at Pacific Investment  Management Company

Greg Mankiw: widely respected Harvard Professor of Economics

John Mauldin: a true favorite of mine, this market analyst is amazingly well connected

Sheila Bair: the chair of the FDIC and, in my opinion, the preeminent regulator in the U.S. government today.

Carmen Reinhart: Professor of Economics at the University of Maryland

Thought Leaders: 22 of the finest economic minds in the world today  connected to Project Syndicate, an international association of 415 newspapers in 150 countries !!

If you are reading this post, I hope this trip has opened new avenues of interest for you. As the moderator, I actively engage readers, so please do not hesitate to ask questions and leave comments, or – as some may say –  sign the Guest Book!! Please share the site with friends, family, and colleagues.

Ultimately, I hope you enjoy coming to Sense on Cents as much as I do!

Have a blessed holiday ~

LD

How Long Can You Tread Water?

Posted by Larry Doyle on March 26th, 2009 11:10 AM |

The other day, I provided a cursory overview of the details embedded in the recently proposed Public-Private Investment Partnership, Will Banks Truly Sell these Toxic Assets?

The main point I tried to highlight in that piece was the need for true price discovery for these toxic assets. A loyal reader provided tremendous insight in highlighting that the PPIP needs to assure that sellers are truly at arm’s length from buyers to insure that the price discovery process is real and fair.

There are potential concerns with this price discovery process highlighted in my piece Send in the Clown. Are the bank portfolios, located within the largest banks needing to sell toxic assets, attempting to prop the market higher? (more…)

Roubini and Birinyi on the Market

Posted by Larry Doyle on March 26th, 2009 8:42 AM |

I always keep a close ear for the market insights of any of our Economic All-Stars. Highly proclaimed NYU professor and economist Nouriel Roubini is decidedly bearish on the state of financial companies, the economy, and the markets. Bloomberg reports, Roubini Says Stocks Will Drop as Banks Go Belly Up.

Laszlo Birinyi is more tempered in his assessment but believes the market has come too far, too fast and is subject to some pullbacks. Please remember that we saw a market bottom in the S&P 500 at the 666 level (pretty scary, eh) on Friday March 6. We have moved up 22% in a very short time frame. Birinyi further offers that this market is less geared for long term investors and more for short term traders focused on picking individual stocks.

LD

We Need a Bigger Boat

Posted by Larry Doyle on March 23rd, 2009 6:05 AM |

"We need a BIGGER boat!"

"We need a BIGGER boat!"

The movie Jaws struck fear into the souls of beachgoers in the mid-70s. If our current economy were only a scary movie. A classic scene in Jaws occurred when the salty mariner Quint eyed the shark and informed his sidekicks, “we need a bigger boat.”

 In similar fashion, the size of the losses embedded in our banking, insurance, automotive, and states and municipalities will similarly require “a bigger boat!!”

Capital needs in the banking industry are projected from at least $500 billion to $1.5 trillion. Bloomberg reports former Fed chair Greenspan Says Banks Need $750 Billion More Capital. Nouriel Roubini puts the needs at upwards of $1.5 trillion. (more…)

Midday Market Update . . . U-G-L-Y

Posted by Larry Doyle on March 5th, 2009 12:45 PM |

I had written that yesterday’s 2-3% upward move in the market was very likely a Dead Cat Bounce. Well, that cat is burrowing further into the ground as markets have more than fully retraced yesterday’s upward move and are making new lows. This type of price action, known as lower highs and lower lows, confirms bearish trends

I hope our readers know that all financial information you could possibly want is on the Market Data tab on the Sense on Cents header. That resource provided by the Wall Street Journal is not only a great way to get a quick and comprehensive snapshot of all sectors of the market, but also a great way to keep your brokers and financial planners on their toes and working for you!!

Let’s take a quick look at the markets and then I will offer some commentary. (more…)

Shake Hands With Uncle Sam

Posted by Larry Doyle on February 27th, 2009 5:30 AM |

uncle-samWhen trading bonds on Wall Street, I always wanted to know what the largest accounts were doing. A handful of these accounts were so massive that in order to make a meaningful change in their portfolio they had to execute trades of monstrous size. In executing trades with these clients, there was enormous risk. That said, if I did not provide enough liquidity to the accounts then we would stop seeing their inquiry. Information is everything, so not seeing their business was even more dangerous than printing some of it. Given this balancing act, I would try to pick and choose my spots. Amongst these clients is the largest bond manager in the country, Pacific Investment Management Company, otherwise known as Pimco, headed by the legendary Bill Gross (one of our Economic All-Stars highlighted in the lower left sidebar).   

Bill offers his thoughts on a monthly basis. Anybody with even passing interest in the markets should read his remarks. I will offer an overview: (more…)






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