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Nouriel Roubini Quotes: Once you run current-account deficits, you depend on the kindness of strangers. This might be the beginning of the end of the American empire.
         

Once you run current-account deficits, you depend on the kindness of strangers. This might be the beginning of the end of the American empire.


Nouriel Roubini
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Other quotes of Nouriel Roubini


The gains from technology must be channeled to a broader base of the population than has benefited so far.

The gains from technology must be channeled to a broader base of the population than has benefited so far.



In the history of modern capitalism, crises are the norm, not the exception.

In the history of modern capitalism, crises are the norm, not the exception.



I think investing in a good education has been key for me, although the investment was more in time than money.

I think investing in a good education has been key for me, although the investment was more in time than money.



I am not going to say I told you so, but I did.

I am not going to say I told you so, but I did.



The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopolitical ones.

The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopolitical ones.



You have to eventually nationalize US banks, you have to take the problem by the horns. In my view actually most of the US banking system is insolvent.

You have to eventually nationalize US banks, you have to take the problem by the horns. In my view actually most of the US banking system is insolvent.



I think it's true that the 1 Percent or the elite are living in a world of, maybe, excessive privilege, and they don't fully realize how much pain and suffering, how much anxiety exists out there.

I think it's true that the 1 Percent or the elite are living in a world of, maybe, excessive privilege, and they don't fully realize how much pain and suffering, how much anxiety exists out there.



We're essentially continuing a system where profits are privatized and...losses socialized.

We're essentially continuing a system where profits are privatized and...losses socialized.



Technology is spurring innovation, and the so-called "demographic dividend" has brought change.

Technology is spurring innovation, and the so-called "demographic dividend" has brought change.



Gold has no increasing value. And if you're really worried about, say, inflation rising, I would buy Spam. You know, you can eat Spam. You cannot eat gold.

Gold has no increasing value. And if you're really worried about, say, inflation rising, I would buy Spam. You know, you can eat Spam. You cannot eat gold.





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Quote Description


This page presents the quote "Once you run current-account deficits, you depend on the kindness of strangers. This might be the beginning of the end of the American empire.". Author of this quote is Nouriel Roubini. This quote is about kindness, running, might, american empire,.