Nouriel Roubini

Stories by Nouriel Roubini

  • china-roubini-fe06-wide

    Nouriel Roubini: Chinese Save, but Should Spend

    The traditional Chinese model of economic growth required the U.S. and a few other countries to be consumers of first and last resort, spending more than their income and running ever-larger trade deficits—so that China could be the producer of first and last resort, spending less than its income and building ever-larger trade surpluses. That model is now challenged, if not altogether broken, because the excessive accumulation of private and public debt and deficit by the U.S. has forced a painful deleveraging.