While the company was incorporated in 2004, the original idea for it gained worldwide attention starting in 1997 during the Asian financial crisis. Roubini, an economics professor at NYU's Stern School of Business, felt dissatisfied with the avenues open to economists to discuss and react to the crisis. So he launched a website that quickly became the go-to destination for policy leaders and top researchers. By 1999, Asia's crisis had subsided, but The Economist honored Roubini's "Monitor" as the #1 Economics website in the world.
Shortly after its incorporation, Roubini Global Economics was born, launching its first commercial product, "RGE Monitor," in 2005. Over the next few years, the company grew its infrastructure, staff and reputation, along with its client list. At the same time, Roubini and RGE economists applied the lessons of the 1997 crises in the emerging world to signals then being emitted by the world's largest economies, including the United States. The following year, in 2006, Roubini delivered a speech to the annual meeting of the International Monetary Fund warning of a looming, systemic crisis. Most ignored his warnings—some even ridiculed them. As RGE's clients know, however, where consensus failed, Roubini succeeded.
In the years since the global economy began its skid, RGE has grown quickly, doubling and redoubling its staff of economists, analysts and support staff and adding, in late 2009, a market strategy team to harvest actionable investment advice from RGE's potent macroeconomic research. Along the way, RGE attracted top talent from the reeling world of finance and economics, expanding and deepening its 40-strong staff of economists and strategists. From Dresdner Kleinwort, where he lead Emerging Markets strategy and research, came Arnab Das, managing director of research; and from the NYU economics faculty came Christian Menegatti, managing director of research. (View our team bios here).
This intellectual core of economists and strategists, working out of offices in New York, London and New Delhi, and led by a world class executive team, provides more than 1,000 RGE clients with the global insights and early warning system most of them lacked before 2007. Under the leadership of Nouriel Roubini himself, they produce the daily, weekly, monthly and quarterly views and calls of world markets and economies essential to our clients.