Nouriel Roubini

Just 3 days into me writing my Crypto Apocalypse oped Bitcoin is now down 45% from its peak rather than the 35% I quoted in my column. Real hard to catch a falling knife without a bloodbath … Caveat Emptor for all the clueless retail shitcoiners suckers and haters I warned but who pompously claimed here that my column was the bottom signal! 🤮🤑💩💩💩🤮🤑

True decentralized finance will never reach scale. No serious government – not even the Trump administration – will ever allow full anonymity of monetary and financial transactions, because that would be a boon for criminals, terrorists, rogue states, non-state actors, human traffickers, and assorted crooks and tax dodgers. Moreover, because digital wallets and regulated exchanges must be subjected to standard anti-money laundering and know-your-customer (AML/KYC) rules, it is not even clear that transaction costs through permissioned and private “blockchains” are any lower – especially now that traditional financial ledgers have improved wi…

The Coming Crypto Apocalypse by Nouriel Roubini @ProSyn https://t.co/beoEXm4Bd0

Speaking at the excellent The Family Office event in Shura Island KSA

The Deja-Vu FAFO-TALO-TACO cycle galore! This time around it took less than a week for the FAFO-TALO-TACO cycle to come to a full circle. A week ago the Greenlanders, Danish and Europeans pushed back against Trump’s increasing bellicose attempts to take over Greenland (they went into FAFO or F- Around & Find Out mode). Then Trump snapped to the European FAFO with his usual TALO (Trump Always Lashes Out) and threatened to take over Greenland by force and to impose additional tariffs on the European countries supportive of Denmark/Greenland. But on Tuesday - as US markets were closed on Monday - market discipline snapped with a vengeance: eq…

@JohnCassidy : Bond vigilantes would box in Trump even more so if he controlled the Fed with a super dovish Chair as the Fed controls the short end but not the long end of the yield curve. Bond vigilantes control the latter regardless of who runs the Fed!

Market Discipline & Tech Trump Trump’s Temper Tantrums Too! On April 2nd 2025 I argued that market discipline would force Trump to chicken out - go from TALO to TACO - and back down from very high tariffs (announced 30% effective rate). Indeed, two weeks later S&P was down 15%, NASDAQ down 20%, bond yields went up 80bps, high yield spread up 150bps and the $ started to free fall. Then the Don blinked/chicken out and today average tariffs are 14% and falling further. Now he tried to play hardball on Greenland and bond yields are starting to rise (when the average American is already shafted by high mortgage rates), the dollar is staring to fal…

I wrote this column last June: “Iran Is Headed Toward Regime Collapse” by Nouriel Roubini @ProSyn https://t.co/dlZWnB97oG Hopefully I will be right!

Here is a link to my new paper published recently on the coming AI-driven secular boom, why Tech Trumps Tariffs, why American Exceptionalism is not over and thus the stock market is not in an AI bubble, and why the Exorbitant Privilege of the US Dollar isn’t over and thus US dollar weakness is temporary. https://t.co/FoDrz2twxi

It used to be the case that TALO (Trump Always Leashes Out) is followed by TACO, as post April 2nd. Now FAFO (F- Around & Find Out) by weak rivals or even friends still unleashes TALO. But that is followed by TACO if China or other strong powers (and markets) are involved in this game of chicken. Otherwise the reaction to TALO by hapless rivals - and even friends and allies - that try FAFO is WACO (Weak Always Chicken Out). Unfortunately we are moving from a rules-based international order to one where might makes you right and where “the strong do what they can, and the weak suffer what they must" as Thucydides warned us over 2000 years ago.…

The Real Existential Threat Facing Europe by Nouriel Roubini @ProSyn https://t.co/tfUhVlY3wQ

The Outlook for the US Economy in 2026 by Nouriel Roubini @ProSyn https://t.co/cmdB2k1Kc4

My new op-ed on Argentina. “Argentina Is on a Path to Economic Success” by Nouriel Roubini @ProSyn https://t.co/x0YSGxaLJ9

He said (lashes), Xi said. Another TALO and TACO cycle. They get shorter but markets still over-react to them rather than fading them in advance knowing that as soon as he lashes out, market discipline will force him to chicken out 🧨🎢🎡🎢🐓

Money Will Not Be Revolutionized by @Nouriel Roubini and @brunello_rosa @ProSyn https://t.co/CAGwLSM1Nx What is the future of money and payments systems, domestic and cross-border? Reformed traditional fiat and banks, fin tech solutions, and new real time payment systems? Or cryptocurrencies? Or CBDCs, stablecoins and tokenized deposits? Certainly not cryptocurrencies that aren’t even currencies. Money will evolve rather than be revolutionized

My new @ProSyn op-ed. The future of money and payment systems will be characterized by evolution, not some radical crypto revolution of the kind envisioned by Bitcoin advocates. Money is too much a public good and national-security concern to be left to private, anonymous, decentralized actors.

https://t.co/vnGE2wyxHT

Great speech by Milei. Argentina is on the right track of macro stability policies and structural reforms. Short term volatility will fade out

Good to be listed among the Practitioners even if i feel like a Disruptor

I agree with @ojblanchard1 . Economists can’t just sit in the ivory tower and think . Some of us decided to get involved with the messy second-best world of actual policy making and advice. Messy but necessary to change the world for the better

I will be speaking at *Blockchain Expert Conference*, Israel's The biggest and most influential event of the year for the blockchain and finance industries. Come see me talk about How New Technologies Will Revolutionize Finance. The conference takes place today Monday, September 15th, between 08:00–16:30 at the Avenue Convention Center, Airport City, Israel. More info here: https://t.co/sduZ7TwPU4

Masquerade is a Broadway revival of the classic Phantom of the Opera in an immersive experience a la Sleep No More. Am proud to be one of the financial backers of this amazing new production . Not to be missed even if tickets are mostly sold out for the near future 🎭 https://t.co/RwpxyK5S3g

I am attending and speaking about the global economic outlook at the Ambrosetti Forum

The US Economy Will Thrive in Spite of Trumponomics by Nouriel Roubini @ProSyn https://t.co/EeeTOYGrAq While there is no question that Donald Trump's economic agenda is potentially stagflationary, the United States happens to be at the center of some of the most important technological innovations in human history. These will deliver benefits that far outweigh the costs of ill-advised trade and other policies.

My new @ProSyn oped : The US Economy Will Thrive in Spite of Trumponomics by Nouriel Roubini @ProSyn https://t.co/UqtcY787gF

My new @ProSyn oped on “Iran Is Headed Towards Regime Collapse”

My podcast with Rock Harbor is a must see! The latest on my global macro and market views!

Here is below the full text of my Project Syndicate column from October 2024 on why “Israel and Iran are Likely to Escalate”. I predicted then that the current military escalation and that Israel would attack Iran’s nuclear facilities and even attempt regime change. https://t.co/GoOyWMU3il Israel and Iran are Likely to Escalate By Nouriel Roubini NEW YORK – The conventional wisdom following Israel’s recent strikes on Iranian military facilities in retaliation for Iran’s ballistic missile attack on Israel is that the risk of further escalation has been contained. Initial statements from the Islamic Republic’s supreme leader suggested that …

The endless Trump TACO Terror & TALO Tantrum cycle Early after the April 2nd “Own-Goal Day” tariffs I argued that in the game of chicken between Trump, Powell and Xi the one to chicken out would be Trump . That simple point was turned into the now viral TACO (Trump Always Chickens Out) meme by FT’s Armstrong. But the real Trump Tantrum cycle is between TACO and TALO (Trump Always Lashes Out). Indeed Trump impulsive instincts start with TALO that is followed by severe market discipline as bond vigilantes - as well as stock, credit and FX vigilantes - sharply vote with price falls to Trump’s TALO Tantrums. Then Trump panics and gets into a te…

Part 2 of my @FT op-ed: Economists have long discussed whether a game of chicken between a loose-budget government and a monetary authority committed to price stability leads to fiscal or monetary policy dominance. But with inflation still higher than target in the US, Japan and UK, and rising public debt more generally, we are now moving away from a world where central banks wimp out and support the financing of large deficits. Over time it will be increasingly tempting for fiscal authorities to try to implement policies such as ATI that keep a lid on long-term bond yields. But this is a risky, slippery path that leads fiscal authorities t…