Nouriel Roubini

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Nouriel Roubini
Nouriel roubini.jpg
Occupation Professor of Economics
Employer New York University
Location New York, New York
Twitter @Nouriel
Website Nouriel

Nouriel Roubini is a professor of Economics at the Stern School of Business at New York University and an economic consultant who has been nicknamed "Dr. Doom" because of his dire economic predictions. He is also the co-founder and chairman of the firm Roubini Global Economics. He is widely credited with predicting the popping of the U.S. housing bubble and resultant economic collapse that began in 2007.

Roubini has predicted that U.S. financial losses will more than triple to $3.6 trillion and has advocated nationalizing U.S. banks, saying that most of them are insolvent. He has also called for an overhaul of the international bank regulatory framework.

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Roubini has long been an outspoken critic of cryptocurrency and blockchain technology, as well as notable figures in the crypto and blockchain space. In October 2018, Roubini called cryptocurrency "the mother or father of all scams and bubbles" while testifying at a congressional hearing on Capitol Hill. He said that everyone he knew that was actively involved in cryptocurrency trading was "financially illiterate," and "could not tell the difference between stocks and bonds."[1] The same month, Roubini accused Vitalik Buterin and Ethereum co-founder Joseph Lubin of instigating "the criminal pre-mining sale/scam that created Ether" over Twitter. He said the two "stole 75 percent of the Ether supply and became instant 'billionaires' of fake wealth." Buterin responded over Twitter by saying he "never personally held more than 0.9 percent of all ETH" in circulation, and that his net worth "never came close to $1 billion." He also said that there are "no criminal laws against pre-mining."[2] A story published by Forbes in February 2018 estimated Buterin's net worth at $400-$500 million.[3]

Roubini has even commented on the phrase sh*tcoin, saying that referring to those cryptocurrencies in such a way constituted "a grave insult to manure that is a most useful, precious and productive good as a fertilizer in agriculture" during testimony before the U.S. Senate Committee on Banking, Housing and Urban Affairs On October 11, 2018 (the written text of the testimony provided by Nouriel does not use an asterisk).[4]

In December 2018, Roubini appeared in Coindesk's number one "Most Influential in Blockchain 2018." The list included ten other figures related to the crypto and blockchain space, including Changpeng Zhao, Elizabeth Stark, and Jed McCaleb.[5][6]