Experience Stern | News & Events

Excerpt from The Wall Street Journal -- "Economist Nouriel Roubini says the risk of a global recession is greater than 50 percent, and the next two to three months will reveal the economy's direction. In an interview with WSJ's Simon Constable, Roubini also says he's putting his money in cash." Additional coverage appeared in three Wall Street Journal pieces, a Wall Street Journal blog, DailyMarkets.com, Creditwritedowns.com, International Business Times, six MarketWatch pieces, two CNBC pieces, The Huffington Post, Barron's blog, The Globe and Mail, four Financial Post pieces, two The Australian pieces, Reuters blog, The Independent, Macedonian International News Agency, MSN Money, Yahoo! News, Heritage.org blog, GlobalResearch.ca, First Post, TIME blog, Atlanta Journal Constitution blog and The Dominion.

Excerpt from Bloomberg TV -- "Nouriel Roubini, a New York University professor and the co-founder of Nouriel Roubini Global Economics LLC, Mohamed El-Erian, chief executive officer at Pacific Investment Management Co., and Larry Kantor, head of research at Barclays Capital, offer their views on the possibility that the U.S. economy will fall back into recession." Additional coverage appeared on Bloomberg.

Excerpt from CNBC -- "Richard Bernstein of Richard Bernstein Advisors will tell us how much longer the volatility will last, if we're near a bottom and where he's telling clients to put their money." Additional coverage appeared on CNBC.

Excerpt from the Louisville Courier-Journal -- "Altman says that Americans' hyper-can-do attitude is destroying the country. It's convincing all of us that we all can and will achieve an uncanny amount of success and wealth in our lives."

Excerpt from Business Insider -- "Put simply, with high leverage, equity is a highly levered bet on bank’s assets."

Excerpt from PBS Nightly Business Report -- "Bank of America`s somewhat greater exposure to the mortgage and its greater leverage have made it particularly vulnerable."

Excerpt from The Huffington Post -- "David Backus, an economics professor at NYU's Stern School of Business, says consumer spending as a percentage of gross domestic product has remained steady, and actually increased as the GDP dipped after the recession."

Excerpt from Janelaweb.com -- "Politics is impeding a forceful policy response to a difficult and challenging economic situation in many countries and the EU as a whole."

Excerpt from FIN Alternatives -- "We attracted Professor Robert Whitelaw, who is chairman of the finance department at New York University, to be our chief strategist."

Excerpt from China Daily -- "'The decision today doesn't constrain the Fed in any way. It was already quite obvious - given the state of the economy - that the Fed was not going to raise rates for a long time. Saying so doesn't change the situation,' said Paul Wachtel, an economics professor at New York University."

Prof. Joseph Foudy was interviewed on ABC News Channel 7 on what's behind the stock market decline.

Excerpt from States News Service -- "Winning Investors Over, a luncheon address by Baruch Lev, Philip Bardes Professor of Accounting and Finance, NYU, Stern School of Business."

Excerpt from Chronicle.SU -- "In mid-July, world renowned economist Nouriel Roubini sat down with Chronicle.SU’s Anton OyVey for a fireside chat at Bohemian Grove 2011. They discussed the next 18 months of world events, including the Debt Crisis and stock market crash."

Excerpt from NYConvergence -- "On Thursday, August 11, Ultra Light Startups will be hosting a Feedback Forum and Pitch Showdown at the NYU Stern Business School at 6:30 pm. There will be 10 startups pitching to investors, audience voting on their favorite pitches and drinks afterwards."

Excerpt from Piers Morgan Tonight -- Roubini says "the probability of a double dip recession right now is at least 50 percent."  Additional coverage appeared on a CNN blog and Reuters.

Excerpt from Slate -- "How does the stock-price plunge affect corporations? Stocks have lost $8.1 trillion worldwide since July 24, representing 14.8 percent of global market capitalization. Investors are clearly taking a major hit, since they own the stocks. But does a drop in share price matter to the individual corporations in question?"

Excerpt from CBC -- "Economist and author Daniel Altman says there is a fairly simple explanation for America's complicated debt crisis: narcissism. He addresses the problem in his latest book, 'Outrageous Fortunes: Twelve Surprising Trends That Will Reshape the Global Economy.'"

Excerpt from Marketplace -- "Bernard Donefer is associate director of the Subotnick Financial Services Center, part of Baruch College and City University of New York. He says, 'Over the last couple of trading days, we have seen trading volumes in the 10 billion trade and up range, which is just phenomenal.'" Additional coverage appeared on NYConvergence.

Excerpt from FXStreet.com -- "According to NYU professor Nouriel Roubini, the ECB should lower rates to zero and make large purchases of government bonds." Additional coverage appeared on aiCIO and Business Spectator.

Excerpt from a TIME blog -- "As I've said before, the quickest route to job creation is to revive the small and medium-sized banks that lend to small businesses, along with the homeowners paralyzed by mortgage debt. To do this, Nouriel Roubini says we need an orderly debt restructuring."

Excerpt from NPR -- "But the business started to change in the late 1960s. Instead of charging investors, the rating agencies started to take money from the issuers of the bonds. White blames the shift on the invention of 'the high-speed photocopy machine.'"  Additional coverage appeared on KOSU.org.

Excerpt from Risk Magazine -- "Brown and his research team analysed the impact of diversification on the performance of 3,767 FoHFs that reported monthly returns and the number of their underlying fund holdings to the BarclayHedge database between January 2000 and March 2010."  Additional coverage appeared in Investment Weekly News.

Excerpt from Windsor Patch -- "I recently had the opportunity to speak with Noble Laureate economist Michael Spence, who said global growth is going to come from the tradable sector of the economy."

Excerpt from GoodReturns.in -- "Aswath Damodaran, Professor of Finance at the Stern School of Business at New York University, was more merciful as he explained the rating agencies as following wrote on his blog, 'Ratings agencies have more in common with politicians than you may realize: specifically, they are more likely to be followers than leaders.'"

Excerpt from Australian Broadcasting Corporation -- "It's clear that the markets didn't have a chance to react on Friday to this news from Standard and Poor's, so there is some mechanical trading as a result of what happens with the downgrade," [Daniel Altman] said.