Audiobooks by Nouriel Roubini

The Invisible Hands: Top Hedge Fund Traders on Bubbles, Crashes, and Real Money

In light of the colossal losses and amidst the resulting confusion that still permeates, it is time to rethink money management in the broadest of terms. Drastic changes need to be made and examining managers who actually made money during 2008 is a logical starting place. It is striking that most of the money managers that prospered through the crisis were those that understood the broader macro environment and readjusted and realigned to a different environment, no longer relying on old and outdated models. The Invisible Hands provides investors and traders with the latest thinking from the best and the most successful key players in money management, highlighting the specific risk and return objectives of each, and then discusses the evolution of certain styles and beliefs in money management. These top macro thinkers reveal their own approaches to markets, risk, and the broader complex world in which we live, as well as their advice as to how investors should be approaching money management.

Jared Diamond, Nouriel Roubini, Steven Drobny (Author), Basil Sands (Narrator)

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Inflated: How Money and Debt Built the American Dream

Americans as a whole view themselves as reasonably prudent and sober people when it comes to matters of money, even though the choices we make at the ballot box and in Washington seem at odds with that self image. Yet Americans as a community also seem to believe that we are entitled to a lifestyle that is well-beyond our current income, a tendency that goes back to the earliest days of the United States. Inflated examines this apparent conflict and makes the argument that such a way of life is so instilled in us that to expect the US to live in a 'deflated' world is simply unrealistic. The fact of the dollars role as the means of exchange for the entire world since the middle of the 20th Century and the short-term benefits for our trading partners of deficit spending in the US have encouraged Americas tendency to demand immediate gratification of national wants and needs. No program is too large, no need too great to go unfulfilled by Americas political class and funded by the global investor community, even as the competitive position of the US in many industries has waned. The gradual result of poor decisions taken today by our national leaders must inevitably be inflation, loss of economic opportunity, and a decline in the value of the dollar. This book seeks to tell the story of inflation and public debt as enduring (and perhaps endearing) features of the American story, rather than something we can one day overcome. If our answer throughout history, from taming the frontier in the 1800s to fighting poverty in the 1970s, has been to print more money and go deeper into debt, why on earth would we think now is any different? Or that we could consider alternatives -- going back to the gold standard -- as real options? Featuring interviews with todays top leaders, like Paul Volcker and Ben Bernanke insiders, this book will offer a glimpse into the future of the FED and the role it will play in the coming years, as well as what the future holds for the value of the US dollar.

Nouriel Roubini, R. Christopher Whalen (Author), Jake Williams (Narrator)

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Crisis Economics: A Crash Course in the Future of Finance

This myth shattering book reveals the methods Nouriel Roubini used to foretell the current crisis before other economists saw it coming and shows how those methods can help us make sense of the present and prepare for the future. Renowned economist Nouriel Roubini electrified his profession and the larger financial community by predicting the current crisis well in advance of anyone else. Unlike most in his profession who treat economic disasters as freakish once-in-a-lifetime events without clear cause, Roubini, after decades of careful research around the world, realized that they were both probable and predictable. Armed with an unconventional blend of historical analysis and global economics, Roubini has forced politicians, policy makers, investors, and market watchers to face a long-neglected truth: financial systems are inherently fragile and prone to collapse. Drawing on the parallels from many countries and centuries, Nouriel Roubini and Stephen Mihm, a professor of economic history and a New York Times Magazine writer, show that financial cataclysms are as old and as ubiquitous as capitalism itself. The last two decades alone have witnessed comparable crises in countries as diverse as Mexico, Thailand, Brazil, Pakistan, and Argentina. All of these crises-not to mention the more sweeping cataclysms such as the Great Depression-have much in common with the current downturn. Bringing lessons of earlier episodes to bear on our present predicament, Roubini and Mihm show how we can recognize and grapple with the inherent instability of the global financial system, understand its pressure points, learn from previous episodes of 'irrational exuberance,' pinpoint the course of global contagion, and plan for our immediate future. Perhaps most important, the authors-considering theories, statistics, and mathematical models with the skepticism that recent history warrants-explain how the world's economy can get out of the mess we're in, and stay out. In Roubini's shadow, economists and investors are increasingly realizing that they can no longer afford to consider crises the black swans of financial history. A vital and timeless book, Crisis Economics proves calamities to be not only predictable but also preventable and, with the right medicine, curable.

Nouriel Roubini, Stephen Mihm (Author), L. J. Ganser, L.J. Ganser (Narrator)

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