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Nouriel Roubini Quotes: 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.


Nouriel Roubini
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"Nouriel Roubini Quotes." Quoteslyfe.com, 2024. Wed. 18 Dec. 2024. <https://www.quoteslyfe.com/quote/We-re-essentially-continuing-a-system-where-931679>.





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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.



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.



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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Your addiction to thinking will come back to haunt you.

Your addiction to thinking will come back to haunt you.



Home is a little kingdom with rulers, laws, and subjects, each with a part to perform in order that life there shall be perfect.

Home is a little kingdom with rulers, laws, and subjects, each with a part to perform in order that life there shall be perfect.



The longer we dwell on our misfortunes the greater is their power to harm us.

The longer we dwell on our misfortunes the greater is their power to harm us.



You can't have a healthy civilization without healthy soil. You can't have junk food and have healthy people.

You can't have a healthy civilization without healthy soil. You can't have junk food and have healthy people.



I'm a sort of nuts-and-bolts guy. I'm into turning wrenches and swinging a hammer and wrenching on cars.

I'm a sort of nuts-and-bolts guy. I'm into turning wrenches and swinging a hammer and wrenching on cars.



There was a brisk northern wind, heavy and wet with the salt of the sea, and he felt, as he turned his face to it, fresh life and strength surging in his blood and bracing his limbs.

There was a brisk northern wind, heavy and wet with the salt of the sea, and he felt, as he turned his face to it, fresh life and strength surging in his blood and bracing his limbs.



Training is principally an act of faith.

Training is principally an act of faith.



In a world without air all you breathe is adventure!

In a world without air all you breathe is adventure!



I'm probably slightly more famous than I've been comfortable with. Famous enough to have my phone calls returned is about as famous as I want to be.

I'm probably slightly more famous than I've been comfortable with. Famous enough to have my phone calls returned is about as famous as I want to be.



Small debts are like small shot; they are rattling on every side, and can scarcely be escaped without a wound: great debts are like cannon; of loud noise, but little danger.

Small debts are like small shot; they are rattling on every side, and can scarcely be escaped without a wound: great debts are like cannon; of loud noise, but little danger.




Quote Description


This page presents the quote "We're essentially continuing a system where profits are privatized and...losses socialized.". Author of this quote is Nouriel Roubini. This quote is about continuing, profit, loss,.