Dec

11

 Saw the Italian financial wizards Nouriel Roubini (heavily accented English; you recall I was at his home recently at one of his swanky if chilly parties on all three levels of his sleek triplex) and Roberto Souviano (in Italian–he is part of a growing Italian diaspora, called that, because of the hopelessness trained/brilliant young professionals have felt for the past decade in facing corruption and joblessness in their home country, and Berlesconi's absquatulation and replacement by Monti is apparently the best thing to occur for many decades–but it will take a long recovery to get back on their feet) at Stern/NYU School of Business last night for several hours–they have nothing good to say about Europe's massive troubles, which will exacerbate if Germany does not deliberately expand, per Roubini; what they say is a menu for our destructive future, too, since we are not far behind the EU in our fiscal precipice-leaning. They had no good news whatsoever–they just laughed when the last Question asked was "Any good news?"

 They both warn that even China will implode in a short few years if they do not manage their economy more judiciously. Expansion will not last. They have little cheer about the fiscal wellbeing of Spain, Italy, of course Greece, and ancillary bailout countries.

Souviano is here because his life is threatened every moment he is in Italy, and he has bodyguards around the clock against people who do not like his analyses of the corruption that permeates Italian business at every level, from Mafia to more subtle and unglitzy organizations that destroy initiative and fair trading practices. Roubini also is a self-isolate emigre from his home country for similar reasons. They feel much more at home here, able to articulate their messages and live without imminent 'accidents.'


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