Nouriel Roubini

Nouriel Roubini


Stern School NYU Prof; Roubini Macro Associates CEO; @RosaRoubini CoFounder; Crisis Economics author; Time100, FT, FP, Forbes, Coindesk Most Influential Awards

514969 followers  •  672 follow  •    •   https://t.co/xjW70uejem

23 die in Norway after receiving Pfizer COVID-19 vaccine: officials via @nypost 

Even pardons are on sale in the Trump administration. The Mother of All Cesspool Corruption Administration. Deepest Swamp Ever An associate of Rudy Giuliani told a former CIA officer that a Trump pardon would 'cost $2 million': report via @businessinsider 

Why US-Iran tensions are escalating. The tensions between the two nations have soared anew during Donald Trump’s last weeks as president, with his critics expressing concern that he would order a military strike against Iran.

Yes higher inflation. But when? And how will the Fed react to it? Higher inflation is coming and it will hit bondholders via @FinancialTimes 

Why This Reflexive Ponzi Scheme Will Continue…

An article on my best friend Shai Baitel, the brilliant new artistic director of a Shanghai Museum! “The museum becomes a stage”. Shai Baitel, Modern Art Museum Shanghai‘s newly appointed Artistic Director, talks reinvention and the immersive experience.

First he predicted manipulated Bitcoin going to 400K. Now he believes it will fall to 20K. The true value is NEGATIVE as it has not intrinsic value & is the Mother of All Energy Hogging Pollutions Guggenheim CIO expects Bitcoin to drop to the 20,000 level

Bitcoin falls 11% after report suggests a critical flaw in the cryptocurrency called 'double spend' may have occurred

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Bitcoin drops 25% from 41k to 31K in 2 days. 15% down in 24 hours. Most speculative, risky, scammed & manipulated pseudo-asset in human history. Its true value is still negative, not even 0, given the massive polluting externalities of its mining! A crappy environmental disaster!

Bitcoin crashes by 15% in 7 minutes on NO news: a rigged, totally manipulated, whales-controlled market where most transactions (90%) volumes are false as exchanges pretend to have liquidity they don't have. Massive pump & dump, spoofing, front running, wash trading! Total Scam!

The demonstrations and even the violence are not just about George Floyd's murder and BLM. There are now 40 million unemployed people in the US who are righly furious mad as hell. As I predicted months ago this crisis will lead to protests, riots & violence. USA is now burning!

Bitcoin has no role in institutional or retail investors portfolios. It is not a currency: not an unit of account, not a scalable means of payment & is a highly volatile store of value. It is heavily manipulated: look at the investigation of  Bitfinex by US law enforcement. 1/n

Angry, divisive, populist, nationalist, unilateralist, depressive, insulting, mean, tone-deaf, intolerant, arrogant America First speech.

Trump now speaks of a $2 trillion fiscal stimulus. But a lot of it is smoke & mirrors that doesn't help the average American. Too much of it is going to the large/middle sized firms, many that are cash rich & used previous bailout for share buybacks. Not enough going to workers!

In which way has the new alleged JPMorgan crypto coin anything to do with blockchain/crypto? It is private not public, permissioned not permissionless, based on trusted authorities verifying transaction not trustless, centralized not decentralized. Calling it crypto is a joke

Trump's policy team: a bunch of white men billionaires & supply side nuts who will find policies to help blue collar workers? Laughable joke

Now Bitcoin crashing below 8000, headed towards 7000. Down 60% from the peak, 40% in a month and over 10% today. The Mother Of All Bubbles And Biggest Bubble in Human History Comes Down Crashing.

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Bitcoin is NOT a currency: it is not a unit of account, it is not a single numeraire, it is not a scalable means of payments, it is not backed by any asset, it is not legal tender, its price is highly manipulated & thus its partial store of value function is based on nothing.

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