Faculty News
Professor Nouriel Roubini offers thoughts on the underlying causes of the stock market's sharp rebound since its low point on March 23
—
![Axios logo 192 x 144 Axios logo 192 x 144](/sites/default/files/styles/480w/public/assets/images/axios192x144.jpg?itok=9AhwFDbW)
Excerpt from Axios -- "Any move of this magnitude naturally elicits the question "why?" I spoke to NYU professor (and my ex-boss) Nouriel Roubini to answer that question and came away with 6 main reasons for the rebound. Technical. At the market peak, a lot of investors had leveraged long positions. They faced huge margin calls as the market fell, which forced them to dump even their safest assets at discounted fire-sale prices. When the forced sales ended, fears of a major financial crisis receded, and prices bounced back up."
Read More
Read More