@ Nouriel: "...Sinceramente, che cos altro dovessero dire per calmare (un po?) i mercati...? ('Pancho El Villan pone domanda'-Edition)

"Nouriel Roubini has been warning for over a year of the likelihood of a recession in the United States and a global hard landing. In this talk, Professor Roubini provides an updated assessment of the U.S. and global economic and financial conditions, particularly after the recent release of U.S. employment data for August. He will discuss the basis for his predictions that home prices will fall by 15% or more over the next two years and that financial markets turmoil will get worse—not better—in the next few months. Roubini will also discuss what impact actions by the Federal Reserve and other central banks can have and whether the rest of the world can decouple from a U.S. hard landing.

Important disclaimer: of course the IMF does not agree with my views on the risk of a U.S. hard landing; they are of the view that the U.S. will have a soft landing even if the downside risks to growth are rising. They are only giving me a platform to present and discuss my views. So the views expressed at this talk are strictly and only mine."