“Crisis Economics: A Crash Course in the Future of Finance”
Nouriel Roubini is a professor of economics at New York University’s Stern School of Business. He is also CEO of Roubini Macro Associates, LLC, a global macroeconomic consultancy firm in New York, as well as Co-Founder of Rosa & Roubini Associates based out of London. Dr. Roubini has extensive policy experience as well as broad academic credentials.
If that is true for IG, what about HY credits? Their collapse in due time - when the economy stalls - should be much bigger and uglier. And even before that growth stall rising short and long rates should put stress on both IG and HY spreads https://t.co/2K9FcpkASs
Once you consider the massive environmental costs of Bitcoin its fair price is not ZERO; it is rather LESS THAN ZERO. The right externality tax would price BTC to a NEGATIVE fair price. Other goods with environmental costs are worth positive once you pay that envrm tax. Not BTC! https://t.co/y1bOKzTdYl
If a growth stock was never ever expected to pay a dividend it would be worth zero. What makes growth stocks highly valuable is that the rapid growth of the underlying firms will generate over time profits/earnings & thus dividends much faster than other stocks say value ones https://t.co/z1AcyjNRBz
Gold is a good, a commodity & an asset. As a commodity 50% of its use is in industry. As a good it is turned into jewelry that gives utility to its consumers (like nice shoes & clothes, etc). As asset it can be a stable store of value that is sometmes a good hedge vs tail risks https://t.co/espZX1AIrs