Global markets continue to grapple with the ongoing outbreak of the Coronavirus. Nouriel Roubini, Professor of Economics at NYU Stern, joins Yahoo Finance to discuss.
#coronavirus #coronavirus outbreak
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It’s been over 10 years since the NBER declared the last one. We are long overdue. I’ve been buying all the way down, so bring it on. I like discounts.
The Anonymous Profit who is the NBER? Overdue for what?
Ilyas The National Bureau of Economic Research. They’re the ones who officially declare if we are in a recession or not.
The Anonymous Profit do you think there will be a recession this year or next year?
Ilyas who knows. They are unpredictable yet we know they’re guaranteed to happen, if that makes sense. Typical boom and bust of the markets.
Ponzi scheme is up
Meltdown
Covid 19 has bring the world 🗺 to its knees unbelievable how things can change in a twinkle ✨ of an eye 👁
Olivia Dzide sounds like satanic talk lol YAH rules all tho
Real Judah this ain’t satanic talk what we are dealing with is real, not a hoax invented by others but real epidemic 😷 whether you like it or not
Olivia Dzide about 70-80% of all cases only suffered a mild fever and a cough, it’s not insta kill lol
@Mr.SnowGoose YEA U GET IT I AM SURE U WILL CHANGE U TUNE,,I CAME IN CONTACT WITH SOMEONE WHO JUST RETURNED FROM SOUTH KOREA 5 DAYS AGO FROM THE VERY CITY WHERE THE OUTBREAK TOOK PLACE,,SHE IS OUT AND ABOUT GREETING PEOPLE AND GREETED ME AND I AM WONDERING HOW LONG HAS SHE BEEN HERE, UNTIL I CALLED A FRIEND AND SHE GOT ME THE INFO,,,5 DAYS AGO
Perma bear idiot.
Incredible… Mr. Roubini has been saying this almost his entire life & for the last so many years. He’s a doomsday scenario lover! Even a broken clock his right twice in a day! Hard to believe that he’s still being called to TV to give his “expert” opinion. Fake news MSM.
Alternatively, he was right. He never said he could time it accurately, just that it was going to happen
That is simply not true. I was actually waiting for his negative opinion for years. In 2019 he was not so pessimistic.
classic conservative response – immune to numbers, logic, and reading comprehension. Roubini is presenting the epitome of a rational argument here
DR. DOOM RETURNS !!!
OR DR. REALITY,,DEPENDS ON HOW U SEE IT
Dr. REALIST 😉
Wow. Dr. Doom is still around! He’s my ultimate contrarian indicator, when he says the end of the world is near, the bottom is in.
I have been listening this nonsense for the last 5 years but it never comes. I will be surprised if it comes this year.
Faisal Bashar get ready to be surprised then..!
You are talking nonsense
I feel you. I can’t believe it’s still managing to resist a correction/recession. It feels like they are doing everything that they can to keep it ticking up, till they can’t.
This is always artificial always has been.
Only one thing is certain about stock markets: They will react disproportionally as they always do.
hysteresis.
Roubini always speaks sense
The stock market, what you do when reality gets boring. Usury is a sin, it’s a non productive activity that enslaves others. I just can’t feel bad for these assholes. lol
This guy gives me a doom-boner!
Wow epic nerdout @1:50, on no other channel would he be allowed to spew numbers nonstop for a full 2 minutes!!! TL/DR: market expects 6% growth in China allowing for Coronavirus shock, but realistically probably 2%. Looking at the NO2 emissions images from China seen from space, looks like total shutdown. That has to have a big impact. Bill Gates predicted this pandemic in 2018. Probably at least 10 million deaths once it gets to Africa. 40% decline in Dow from peak seems reasonable.
SELL OFF
Listen to Captain Obvious
Nouriel loves Bitcoin. Surprised he did not recommend it in the clip.
Paul Desgrippes 🤣
He hates bitcoin
blame the scale SQUARELY on spineless Powell and thug trump.
sp500 is, at 2800, on its 40-year curve. that’d be its price with NO corona beer and ho-hum growth.
Yet Powell and trump motored this thing 30-40 percent over-curve….to make sure the thug gets re-elected.
So we went from “Record Economy” to the worst economy in history in 3 days?
I’m watching this again April 17 two months after it first aired.
I am looking forward to a market crash. Missed out on 2008 crash because I was a poor college student. Now it is game on!
RandomRT enjoy the spoils buddy
Lmao
Recession is already here… Did Nouriel Roubini mean DEPRESSION does not look too far fetched?!
Easy 50% sell-off. Depends if dow can hold above 10k hope it can.
Meanwhile behind closed doors he is buying the dip and saying suckers…..
Personally I have no idea what to think. I guess it really depends on the virus and whether or not it’s here to stay and what the FED’s response is to it.
Yeah, if I said crash every year and it goes up for 9 years and on the 10th year it goes down, I get my day in the sun in the 10th year.
Missed out on 2008 because I was just out of high school, not missing out on this next one!
China Will just lie about growth numbers as they always do
Last week the euro was 1.20 to the pound ,this week its 1.15 ,Germany is 0.02% away from recession ,HSBC sacked 75000 world wide ,Lloyds London sacked 750 ,GM shut all its plants in NZ and shut plants in Australia ,big corporations buying up the opposition and smaller companies ,there is a storm coming , time to get your skill sets up !
Oh great… Yet another old white guy
Thanks for adding nothing of substance
I have no idea what this man is talking about, but he sounds like he knows something.
2005 he predicted the 2008 US stock market break. At that time no one believed him. He also made some damn good predictions since them…
Marble mouth .
This guy is probably an individual investor as well. I wonder if he is using his position to terrorize and manipulate the market for personal gains.
Jesse Twu of course he does.
It is here! Bond market is signaling a recession is imminent. Oil is almost 30/barrel. US economy is going down the drain. Layoffs are imminent and April unemployment numbers will rise significantly. Trump will not be re-elected with the Us in recession. Markets are no place to be invested for the next 5 years, guaranteed. Short the indices and make bank people.
Not Dr. Doom but Dr. Realist