In a speech delivered at the International Monetary Fund’s Washington DC headquarters in September 2006, Nouriel Roubini argued the US was due an economic crisis of historic proportions. He foresaw mortgages, and by extension mortgage-backed securities, as lying at the centre of a crisis that would stall the global financial system. Dismissed as a doom-monger by many at the time, he was hailed as a prophet when the subprime market blew up spectacularly the following year.
Roubini is professor of
The week on Risk.net, July 7-13, 2018Receive this by email