{"id":2660,"date":"2011-12-15T17:02:46","date_gmt":"2011-12-15T22:02:46","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=2660"},"modified":"2011-12-15T17:02:46","modified_gmt":"2011-12-15T22:02:46","slug":"fragile-and-unbalanced-in-2012-nouriel-roubini-project-syndicate","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/15\/fragile-and-unbalanced-in-2012-nouriel-roubini-project-syndicate\/","title":{"rendered":"Fragile and Unbalanced in 2012 &#8211; Nouriel Roubini &#8211; Project Syndicate"},"content":{"rendered":"<p>The outlook for the global economy in 2012 is clear, but it isn\u2019t pretty: recession in Europe, anemic growth at best in the United States, and a sharp slowdown in China and in most emerging-market economies.<\/p>\n<p>&#8230;&#8230;Adjustment of relative prices via currency movements is stalled, because surplus countries are resisting exchange-rate appreciation in favor of imposing recessionary deflation on deficit countries. The ensuing currency battles are being fought on several fronts: foreign-exchange intervention, quantitative easing, and capital controls on inflows. And, with global growth weakening further in 2012, those battles could escalate into trade wars.<\/p>\n<p>via <a href=\"http:\/\/www.project-syndicate.org\/commentary\/roubini45\/English\">Fragile and Unbalanced in 2012 &#8211; Nouriel Roubini &#8211; Project Syndicate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The outlook for the global economy in 2012 is clear, but it isn\u2019t pretty: recession in Europe, anemic growth at best in the United States, and a sharp slowdown in China and in most emerging-market economies. &#8230;&#8230;Adjustment of relative prices via currency movements is stalled, because surplus countries are resisting exchange-rate appreciation in favor of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/15\/fragile-and-unbalanced-in-2012-nouriel-roubini-project-syndicate\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Fragile and Unbalanced in 2012 &#8211; Nouriel Roubini &#8211; Project Syndicate&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41,33,34],"tags":[578,990,1443,2831,2880,3148,3217],"class_list":["post-2660","post","type-post","status-publish","format-standard","hentry","category-china-hk","category-uk-europe-countries-regions","category-us-canada-countries-regions","tag-capital-controls","tag-deflation","tag-foreign-exchange-intervention","tag-quantitative-easing","tag-recession","tag-slowdown","tag-stagflation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fragile and Unbalanced in 2012 - Nouriel Roubini - Project Syndicate - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fragile and Unbalanced in 2012 - Nouriel Roubini - Project Syndicate - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The outlook for the global economy in 2012 is clear, but it isn\u2019t pretty: recession in Europe, anemic growth at best in the United States, and a sharp slowdown in China and in most emerging-market economies. &#8230;&#8230;Adjustment of relative prices via currency movements is stalled, because surplus countries are resisting exchange-rate appreciation in favor of &hellip; Continue reading &quot;Fragile and Unbalanced in 2012 &#8211; Nouriel Roubini &#8211; Project Syndicate&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/15\/fragile-and-unbalanced-in-2012-nouriel-roubini-project-syndicate\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2011-12-15T22:02:46+00:00\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/15\/fragile-and-unbalanced-in-2012-nouriel-roubini-project-syndicate\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/15\/fragile-and-unbalanced-in-2012-nouriel-roubini-project-syndicate\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Fragile and Unbalanced in 2012 &#8211; 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Compare his view on QE to the German view as voiced in Der Spiegel.","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/9-BR6KQtxZ8\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6440,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/10\/what-to-do-about-the-us-currency-war-alan-kohler-commentary-business-spectator\/","url_meta":{"origin":2660,"position":1},"title":"What to do about the US currency war &#124; Alan Kohler &#124; Business Spectator","author":"Colin Twiggs","date":"December 10, 2012","format":false,"excerpt":"Alan Kohler writes about the Fed's quantitative easing strategy which is effectively debasing the US dollar: Because it is trying to reduce the world\u2019s reserve currency, the Fed is effectively giving other countries two choices: either allow your currencies to appreciate against the US dollar and thus make your economies\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7522,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/21\/richard-koo-quantitative-and-qualitative-easing\/","url_meta":{"origin":2660,"position":2},"title":"Richard Koo: Quantitative and Qualitative Easing","author":"ColinTwiggs","date":"April 21, 2013","format":false,"excerpt":"Richard Koo in his latest report makes that the point that central banks in the US and UK have not cured their economies of deflationary pressures, they have merely kicked the can down the road: Central bank officials in the US and the UK claim quantitative easing has been a\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9898,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/05\/26\/chinas-export-dilemna\/","url_meta":{"origin":2660,"position":3},"title":"China&#8217;s export dilemna","author":"ColinTwiggs","date":"May 26, 2014","format":false,"excerpt":"Growth in value of exports from China has slowed to single figures since 2012. 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It will be difficult sustain current GDP growth if this trend continues. The Harper Petersen index of shipping rates for container vessels, the Harpex, remains near its 2010 low, reflecting continued weakness in Asian manufactured goods\u2026","rel":"","context":"In &quot;Market Insights&quot;","block_context":{"text":"Market Insights","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/market-insights\/"},"img":{"alt_text":"China Exports","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-05-26-china-exports.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-05-26-china-exports.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-05-26-china-exports.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":12930,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/03\/09\/chinas-trilemma-and-a-possible-solution-brookings-institution\/","url_meta":{"origin":2660,"position":5},"title":"China\u2019s trilemma\u2014and a possible solution | Brookings Institution","author":"ColinTwiggs","date":"March 9, 2016","format":false,"excerpt":"From Ben Bernanke: China faces the classic policy trilemma of international economics, that a country cannot simultaneously have more than two of the following three: (1) a fixed exchange rate; (2) independent monetary policy; and (3) free international capital flows. Accordingly, China\u2019s ability to manage its exchange rate may depend,\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/2660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=2660"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/2660\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=2660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=2660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=2660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}