Watch Online: Nouriel Roubini

A short portion of a program of Nouriel Roubini, talking about the book he co-wrote with Stephen Mihm, [Crisis Economics: A Crash Course in the ...

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Books That Matter: Crisis Economics, by Nouriel Roubini & Stephen ...

In January of 2009, in the final days of the Bush Administration, Vice President Dick Cheney was asked why the administration had failed to see the biggest financial crisis since the Great Depression. Well, Nouriel Roubini, a Professor of Economics at New York University knew.   In fact, he was very specific in his warnings about the crisis to come, as early as September of 2006, while he was speaking to an audience from the International Monetary Fund.   Of course, back then, many in the audience found his warnings absurd. ”  And he went on to explain, “as homeowners defaulted on their mortgages, the entire global financial system would shutter to a halt as trillions of dollars worth of mortgage backed securities started to unravel. He told his audience that the United States “would soon suffer a once-in-a-lifetime housing bust, a brutal oil shock, sharply declining consumer confidence, and inevitably a deep recession....

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