1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Dheeraj Grover
Dheeraj Grover
Articles (493) 

Dr Doom Nouriel Roubini Says 2013 `Storm' May Surpass 2008 Crisis

July 08, 2012

New York University Professor Nouriel Roubini discusses "greedy" bankers, the euro-zone crisis and risks facing the global economy in 2013

On Banking culture: He said, nothing has changed since the global financial crisis. Incentives of bank management is still aligned with getting superior results with cheating and immoral means. Only way to counter this is to break up these financial supermarkets. There are conflicts of interests as same banks are on the both sides of the deal and that is a fundamental problem and increases the risk. If this is not minimized financials crisis will keep on coming. People have to go to jails to change this culture which has not happened, atmost what happens is some fines is inflicted and that is not going to change the culture.

On European Crisis: EU summit was a failure. Spain yields are still high. Reality is market was expecting much more.

Here is the video:

http://bloom.bg/MJL0SC

About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 4.2/5 (14 votes)

Comments

kfh227
Kfh227 - 7 years ago    Report SPAM
Maybe if bankers were not taxed at all their morals would improve? Cheating would also stop I'd reckon.

Ye-ahhhhh ...... let's vote a republican into office and dergulate these markets ASAP!

Please leave your comment:


Performances of the stocks mentioned by Dheeraj Grover


User Generated Screeners


pjmason14Momentum
pascal.van.garsseHigh FCF-M2
kosalmmuse6
kosalmmuseBest one1
DBrizanall 2019Feb26
kosalmmuseBest one
DBrizanall 2019Feb25
kosalmmuseNice
kosalmmusehan
MsDale*52-Week Low
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK