{"id":4220,"date":"2014-04-03T20:16:03","date_gmt":"2014-04-03T20:16:03","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=4220"},"modified":"2014-04-03T20:16:54","modified_gmt":"2014-04-03T20:16:54","slug":"nouriel-roubini-changing-face-of-global-risk","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=4220","title":{"rendered":"Roubini: Changing Face of Global Risk"},"content":{"rendered":"<p><strong>By Nouriel Roubini<\/strong><br \/>\n<em>Kitco News<\/em><\/p>\n<figure id=\"attachment_4223\" aria-describedby=\"caption-attachment-4223\" style=\"width: 160px\" class=\"wp-caption alignright\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-4223\" alt=\"Nouriel Roubini\" src=\"http:\/\/juniorminingnews.com\/wp-content\/uploads\/2014\/04\/nour160.jpg\" width=\"160\" height=\"232\" data-id=\"4223\" \/><figcaption id=\"caption-attachment-4223\" class=\"wp-caption-text\">Nouriel Roubini<\/figcaption><\/figure>\n<p>The world\u2019s economic, financial, and geopolitical risks are shifting. Some risks now have a lower probability &#8212; even if they are not fully extinguished. Others are becoming more likely and important.<\/p>\n<p>A year or two ago, six main risks stood at center stage:<\/p>\n<ul id=\"bottom_ul\">\n<li>A eurozone breakup (including a Greek exit and loss of access to capital markets for Italy and\/or Spain).<\/li>\n<li>A fiscal crisis in the United States (owing to further political fights over the debt ceiling and another government shutdown).<\/li>\n<li>A public-debt crisis in Japan (as the combination of recession, deflation, and high deficits drove up the debt\/GDP ratio).<\/li>\n<li>Deflation in many advanced economies.<\/li>\n<li>War between Israel and Iran over alleged Iranian nuclear proliferation.<\/li>\n<li>A wider breakdown of regional order in the Middle East.<\/li>\n<\/ul>\n<p>These risks have now been reduced. Thanks to European Central Bank President Mario Draghi\u2019s<a href=\"https:\/\/www.ecb.europa.eu\/press\/key\/date\/2012\/html\/sp120726.en.html\">\u201cwhatever it takes\u201d speech<\/a>, new financial facilities to stabilize distressed sovereign debtors, and the beginning of a banking union, the eurozone is no longer on the verge of collapse. In the US, President Barack Obama and Congressional Republicans have for now agreed on a truce to avoid the threat of another government shutdown over the need to raise the debt ceiling.<\/p>\n<p><a href=\"http:\/\/www.kitco.com\/ind\/Roubini\/2014-04-02-The-Changing-Face-of-Global-Risk-Nouriel-Roubini.html\" target=\"_blank\"><strong>Continue reading . . .<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world\u2019s economic, financial, and geopolitical risks are shifting. Some risks now have a lower probability &#8212; even if they are not fully extinguished. Others are becoming more likely and important.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/4220"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4220"}],"version-history":[{"count":6,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/4220\/revisions"}],"predecessor-version":[{"id":4227,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/4220\/revisions\/4227"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}