A Quote by Nouriel Roubini

Once you run current-account deficits, you depend on the kindness of strangers. This might be the beginning of the end of the American empire. — © Nouriel Roubini
Once you run current-account deficits, you depend on the kindness of strangers. This might be the beginning of the end of the American empire.
The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items.
One of the chief peculiarities of this treatise is the doctrine that the true electric current, on which the electromagnetic phenomena depend, is not the same thing as the current of conduction, but that the time-variation of the electric displacement must [also] be taken into account.
The Roman Empire came to an end, but the Roman people didn't come to an end, so I see the American Empire coming to an end just as other empires have come to an end.
There are several silver linings on the horizon. The current account deficits in Spain and Portugal are declining because they have become more competitive and they're exporting more.
It would be far less interesting, after 'The Empire Strikes Back,' to have an hour-long movie in between 'Empire' and 'Return of the Jedi,' where Luke is training. It's so much cooler to cut from end of 'Empire' to beginning of 'Return,' where he's become the Jedi.
When I was young and the empire was beginning to disintegrate, the idea was absolutely unbelievable, particularly to children who'd been taught that the sun never set... that's what all my books are about, the end of empire.
Since at the beginning and end of our lives we are so dependent on other's kindness, how can it be in ......the middle that we would neglect kindness towards others?
Right from the moment of our birth, we are under the care and kindness of our parents, and then later on in our life when we are oppressed by sickness and become old, we are again dependent on the kindness of others. Since at the beginning and end of our lives we are so dependent on other's kindness, how can it be in the middle that we would neglect kindness towards others?
It is day after day in this institution, borrow money, run up the debt, run up the deficits and then with a straight face say, we are going to repeal a tax that affects 1 percent of the American people, just 1 percent of the American people.
All comparisons between America's current place in the world and anything legitimately called an empire in the past reveal ignorance and confusion about any reasonable meaning of the concept empire, especially the comparison with the Roman Empire.
For hundreds of millions of people, the fall of the Berlin Wall was a great triumph: The moment marked the end of hated dictatorships and the beginning of a better era. But for the KGB officers stationed in Dresden, the political revolutions of 1989 marked the end of their empire and the beginning of an era of humiliation.
Trade deficits are OK under certain circumstance. 1. An emerging nation imports capital goods necessary to enhance its productivity. 2. A developed nation, with a current account surplus, uses some of its investment income to finance the purchases of additional consumer goods from abroad.
Our very lives depend on the ethics of strangers, and most of us are always strangers to other people.
A key ingredient to success, I learned, is relying on not only the kindness of strangers, but the kindness of colleagues.
Someone once said that nothing costs more and yields less benefit than revenge,” Aomame said. “Winston Churchill. As I recall it, though, he was making excuses for the British Empire’s budget deficits. It has no moral significance.
The end of 'The End' is the best place to begin 'The End', because if you read 'The End' from the beginning of the beginning of 'The End' to the end of the end of 'The End', you will arrive at the end.
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