The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopolitical ones.
Nouriel Roubini
Related Something really is broken in the international financial architecture, ... We're now in the 20th mo... GEORGE SOROS Geopolitical tensions are on the rise and could at some point in the future have a very negative imp... MARC FABER The biggest problem during an economic crisis is not the financial issues. It is the crisis of value... DIMITRIS TIMOTHEATOS Along with most other participants in the financial-services sector, certain key businesses were neg... JOHN THAIN What we know about the global financial crisis is that we don't know very much. PAUL A. SAMUELSON What we know about the global financial crisis is that we don't know very much. PAUL SAMUELSON Our poor pricing, rising cost structure, mismatched fleet, weak operational performance, low-intensi... IDRIS JALA The heart of the 2008 financial crisis was a coterie of reckless financial executives, working for t... GARY WEISS The offshoring of American jobs by global corporations and the deregulation of the U.S. financial sy... PAUL CRAIG ROBERTS If the American government can't stand behind the dollar, the world's benchmark currency, th... ADAM DAVIDSON A clear lesson of history is that a 'sine qua non' for sustained economic recovery following... JANET YELLEN There has been a banking crisis, a financial crisis, an economic crisis, a social crisis, a geostrat... JEAN-FRANCOIS COPE The Global Financial Crisis (2008-?); it is not a matter of noblesse oblige as of vitesse oblige. KRISTIAN GOLDMUND AUMANN The lesson of history is that you do not get a sustained economic recovery as long as the financial ... BEN BERNANKE Most sports stocks are not financial superstars, BILL SMITH Everything is overshadowed by geopolitical events. Tech stocks appear resilient in their financial p... MICHAEL DAVIES The reserves are of significant importance to upgrade the China image in the international economic ... XIAO ZHUOJI Financial analysts make a lot more than accountants. WARREN FARRELL President Obama has a good sense not just of the economic requisites for financial crisis firefighti... LAEL BRAINARD The rest of the world needs the US economy and financial system to recover in order for it to revive... TIMOTHY GEITHNER A financial crisis is a great time for professional investors and a horrible time for average ones. ROBERT KIYOSAKI There are downsides to implicitly trusting banks, as the 2008 financial crisis showed. BALAJI SRINIVASAN Managing and navigating through a financial crisis is no fun at all. HOWARD SCHULTZ There was no blueprint or how-to manual for fixing a global financial meltdown, an auto crisis, two ... RAHM EMANUEL In 2008, when the global financial crisis struck, it was a bad year for a lot of developing countrie... ADI GODREJ Britain is the epicentre of financial fraud. Most major players outsource their fraud here because L... MAX KEISER Several poor crop years and some family health problems had put us into a financial crisis. We were ... DON REEVES Fortunately, when Korea was struck by the 1997/8 financial crisis, that was a good opportunity for u... LEE MYUNG-BAK The financial crisis is a stark reminder that transparency and disclosure are essential in today'... JACK REED In response to the drop in wealth suffered as a consequence of the 2008 financial crisis, homeowners... DALE T. MORTENSEN Developments in financial markets can have broad economic effects felt by many outside the markets. BEN BERNANKE The financial crisis should not become an excuse to raise taxes, which would only undermine the econ... GEORGE W. BUSH Next week is characterized by very low liquidity in Brazilian financial markets, and no major econom... ENRIQUE ALVAREZ Not every business cycle has a financial crisis. Frequently they do. KENNETH ARROW The Federal Reserve has a responsibility to ensure the safety and soundness of financial institution... BERNIE SANDERS You win the modern financial-regulation game by filing the most motions, attending the most hearings... MATT TAIBBI Veterans are driven by the same frustrations that the public has with what is happening in Washingto... PETE HEGSETH Truth be told, most financial television bores me. Two or more people discussing the latest economic... BARRY RITHOLTZ If there had been a Financial Product Safety Commission in place 10 years ago, the current financial... ELIZABETH WARREN Europe has, to put it mildly, been in a poor state since the transition to the 21st century. This is... HELMUT KOHL The Global Financial Crisis and Great Recession posed daunting new challenges for central banks arou... JANET YELLEN A crisis like this one shows that the risk is global. MARC DANZON The refugee crisis shows we can't be isolated from the world's geopolitical troubles. EMMANUEL MACRON Financial sustainability is, without a doubt, the most pivotal issue for nonprofit organizations for... KATE DEWEY In a declining interest rate scenario, Banks will reprice their liabilities (deposits etc.) faster t... SANJEEWA FERNANDO This is an anxiety driven world - the whole world is driven by anxiety. It is anxiety about the afte... ROBERT J. SHILLER The dynamic of globalisation in financial and economic terms, but also in geopolitical terms, confro... JOSE MANUEL BARROSO The quicker you settle the debt,the quicker you can move forward with your life. Actions are bigger ... FINANCIAL REVOLUTION It will be gradual. China's financial markets and their banking system are extraordinarily fragile. ... DONALD STRASZHEIM The economic costs, the financial costs, the job losses, the income losses, the fiscal costs of bail... NOURIEL ROUBINI Ten years ago, there was nowhere in the world a filmmaker wouldn't go. But, this is no longer the ca... CHRIS PALMER Technologies, including cell phones, have the potential to help millions of poor people out of pover... SYLVIA MATHEWS BURWELL You need in the long run for stability, for economic growth, for jobs, as well as for financial stab... GORDON BROWN Now we will have that global platform, ... That's where the change is happening in financial service... SANFORD WEILL The financial crisis that began in the summer of 2007 was an extraordinarily complex event with mult... BEN BERNANKE Most of us are never concerned about the wise investment of our money or of financial sowing SUNDAY ADELAJA We face a crisis in pricing that is coming right at us, JOHN DOOLITTLE Our justice system for the most part is just a financial burden COREY J. BENNETT, SR. Financial crisis is the moment of truth for real collectors and true artists. VICTOR PINCHUK Being on a movie set is like one long financial crisis. JOHN CUSACK We are delighted that the Piedmont Triad proposal was selected for this grant. The WIRED grant gives... DON KIRKMAN There are customers reaching out to us, to pilot our product, and to get comfortable with our produc... CLYDE FOSTER Poor is the man who does not know his own intrinsic worth and tends to measure everything by relativ... SIDNEY MADWED Poor is the man who does not know his own intrinsic worth and tends to measure everything by relativ... SYDNEY MADWED There is a valid nationwide sentiment of concern over public pensions, and poor funding ratios are v... WALKER STAPLETON Most market analysts are holding on to their economic or corporate projections while adopting a wait... CARMEN LEE The moral angle to the foreclosure crisis - and, of course, in capitalism we're not supposed to ... MATT TAIBBI Let us not forget, the financial crisis had its roots in the decision by Congress to embark on a cou... ED ROYCE The platforms that are big, global, diversified, and both financial and physically enabled are compe... BLYTHE MASTERS [Most of the young people surveyed believe their financial situation will improve as they get older,... JEAN JOHNSON After 2002, China witnessed rapid development after the Asian financial crisis of 1997. ZOU SHOUMIN Not even the most dovish of forecasters expects interest rates to be cut at Thursday's meeting. ALAN CLARKE People.. were poor not because they were stupid or lazy. They worked all day long, doing complex phy... MUHAMMAD YUNUS Many of us like to think of financial economics as a science, but complex events like the financial ... ANDREW LO Among other objectives, liquidity guidelines must take into account the risks that inadequate liquid... BEN BERNANKE That's an elected position? I've never heard of it. Even the most intelligent people and the most we... ALEX SINK Education;The Two most important education a person needs in life;Human relationship education & Fin... DAVID ATTA (A.K.A DAVIED ATTLARS & MR DAIN) This shows the statements by the president's science adviser to be simply wrong when he states that ... GARY YOHE As a result, that makes a place where financial institutions are willing to take risks that they wou... JAMES SPRAYREGEN Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost ... LARRY SUMMERS During the Global Financial Crisis (GFC 2008 - 2010) Registered Finance Companies (RFCs) managed to ... SANJEEWA FERNANDO The recovery in the global financial backdrop is a key part of the outlook for tightening, DOUG PORTER The problem with the focus on speculators, as was demonstrated during the financial crisis, is that ... GARY WEISS We will support the package of laws which ease the tax burden and develop our industry ... but finan... GENNADY ZYUGANOV We number the current economic damage at roughly 140 million euros ($167 million). We are currently ... THOMAS JANNING 2009 was a tough year, but Australia rose to the challenge of the global financial crisis. It shows ... KEVIN RUDD It doesn't mean we're in a financial crisis in any means. We're just trying to be frugal. GERRY HOLMES Mark did a spectacular job for us during some of the most difficult periods in our financial markets... ROB FECKNER Let us not be defeated by the tyranny of the world financial markets that threaten peace and democra... STEPHANE HESSEL Westerners who go native with Chinese ideas are called 'eggs' - outside white, inside yellow -, and ... THORSTEN J. PATTBERG The Palestinian Authority has faced a serious financial crisis since the start of the month. MAHMUD ABBAS Over the years, George has been one of the most successful equity portfolio managers in the financia... ROBERT POZEN On Wall Street, financial crisis destroys jobs. Here in Washington, it creates them. The rest is jus... TIMOTHY NOAH Never before in modern times has so much of the world been simultaneously hit by a confluence of eco... TIMOTHY GEITHNER The poor, the unsuccessful, the unhappy, the unhealthy are the ones who use the word tomorrow the mo... ROBERT KIYOSAKI I think that if we don't get these politicians to come together we face the most predictable eco... ERSKINE BOWLES Massachusetts has prohibited most financial advisers from using titles like 'certified senior ad... CHARLES DUHIGG There is no honeymoon -- not in a financial system like ours, not in this country where people are f... HARVEY ROSENBLUM Food Stamp recipients didn't cause the financial crisis; recklessness on Wall Street did. BARACK OBAMA Some investors are waiting for economic confirmation so they can purchase tech stocks, but by the ti... BOB STRAUS
More Nouriel Roubini
What we need to understand is, one, that there are market failures; and two, that there are things l... NOURIEL ROUBINI If you worry about financial Armageddon, it is indeed metaphorically the time to stock your bunker w... NOURIEL ROUBINI Once you run current-account deficits, you depend on the kindness of strangers. This might be the be... NOURIEL ROUBINI For me, geopolitical issues are becoming more important, because how can you understand economy if y... NOURIEL ROUBINI The economic costs, the financial costs, the job losses, the income losses, the fiscal costs of bail... NOURIEL ROUBINI If we didn't have greed, market economies wouldn't be as innovative as they are. But in my v... NOURIEL ROUBINI In an extreme credit crunch, leveraged purchases of gold cause forced sales, because any price corre... NOURIEL ROUBINI I believe investors should invest for the long run, so I don't buy and sell. I usually maintain ... NOURIEL ROUBINI I'm a rock star among geeks, wonks, and nerds. NOURIEL ROUBINI I love and collect contemporary art and go to all the art fairs. I love Damien Hirst and Matthew Bar... NOURIEL ROUBINI I am just a normal human being - I am alive! Why is anyone surprised that I am human? Like many New ... NOURIEL ROUBINI I have more concerns about potential risks and vulnerabilities than most people. NOURIEL ROUBINI The U.S. has been living in a situation of excesses for too long. Consumers were out spending more t... NOURIEL ROUBINI The trouble is that the average trader on Wall Street, he or she is so young, he doesn't even re... NOURIEL ROUBINI