Business Week: Roubini Interview with Maria Bartiromo
I was recently interviewed by Maria Bartiromo for her Business Week column:
January 7, 2009, Business Week
Columbia's Amar Bhidé and NYU's Nouriel Roubini "When you have an integrated global economy…there are not many places to hide because markets [and economies] become correlated"
A year from now we may look back on this column and thank heaven that not all of its grim predictions came true. But don't bet your kid's lunch money against Nouriel Roubini. A professor of economics at New York University's Stern School of Business and chairman of the consultancy RGE Monitor, Roubini in 2006 predicted the housing bust and an ensuing recession, among other on-the-money calls. And he says the worst is still ahead. Amar Bhidé, a professor of business at Columbia University, is a former McKinsey executive, a staff member for the commission that investigated the stock market crash of 1987, and author of the new book The Venturesome Economy: How Innovation Sustains Prosperity in a More Connected World. He, too, expects a trying year ahead. But beyond the black cloud hanging over America, he sees a country chastened and an economy strengthened by the ordeal.
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