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Nouriel Roubini: Global Economy Not Back to 2008



























3:16 AM PST
January 22, 2016






Nouriel Roubini, NYU professor and chairman at Roubini Global Economics, explains why the global economy isn’t facing the same conditions as 2008, and discusses expectations for the Federal Reserve's rate hike path and how QE is working in Europe. 








He speaks from the World Economic Forum in Davos, Switzerland on "Bloomberg Surveillance." (Source: Bloomberg)





Listen to entire interview:






Henry Blodget: 


So, it's not 2008 all over again?





Nouriel Roubini: 

No, I don't expect it's 2008 again. I don't expect a global recession or financial crisis.

The current turmoil is driven by a bunch of factors, primarily concern that China might have a hard landing and collapse of its stock market and currency.

My view of China is that it's going to have a bumpy landing, not a hard landing. Growth this year of 6% going to 5%. Those who say it's 4% going to zero, I think they're getting it wrong. They don't realize that the service sector is rising and growing much faster than the manufacturing sector.

The US is slowing down, especially manufacturing. And the fall of oil prices is a negative, at least in the short run, because the US is a major producer of oil and energy. The fall in oil prices is negative for the markets because the market has a certain weight coming from oil and energy companies. But more importantly, it's not just a supply shock that is driving oil prices but concerns about global demand. China. Emerging markets. And concerns about weakening demand are a negative sign for the global economy.

The Middle East is a mess. The proxy wars between Saudi Arabia and Iran are getting worse. And even in Europe, there's terrorism and the migration crisis, the risk of Grexit, the risk of Brexit, austerity fatigue in the periphery, bailout fatigue in the core — there are plenty of issues that can go wrong in Europe. So, suddenly, the market is becoming nervous and there's a correction.

Whether the correction becomes a true bear market depends on whether these shocks are more persistent or less persistent, first. And second on the policy response.

At this point, the PBOC (central bank of China) will have to ease more. The Chinese will have to do a round of fiscal stimulus. The Fed will have to signal more clearly they're going to wait longer before they hike rates again. And the European Central Bank and the Bank of Japan will have to ease more.

If all central banks try to do more, you can maybe stop or reverse this particular correction. If you don't have a strong policy response, this could become an outright economic slowdown.





http://www.businessinsider.com/noureil-roubini-on-economy-and-markets-2016-1


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THE MOST SOUGHT AFTER MANGOES IN THE WORLD ....

While "Flavor" is very subjective, and each country that grows mangoes is very nationalistic, these are the mango varieties that are the most sought after around the world because of sweetnesss (Brix) and demand.

The Chaunsa has a Brix rating in the 22 degree level which is unheard of!
Carabao claims to be the sweetest mango in the world and was able to register this in the Guiness book of world records.
Perhaps it is time for a GLOBAL taste test ???





In alphabetical order by Country....










India




Alphonso





Alphonso (mango)
From Wikipedia, the free encyclopedia








Alphonso (हापुस Haapoos in Marathi, હાફુસ in Gujarati, ಆಪೂಸ್ Aapoos in Kannada) is a mango cultivar that is considered by many[who?] to be one of the best in terms of sweetness, richness and flavor. 


It has considerable shelf life of a week after it is ripe making it exportable. 

It is also one of the most expensive kinds of mango and is grown mainly in Kokan region of western India.

 It is in season April through May and the fruit wei…

INDIA 2016 : Mango production in state likely to take a hit this year

TNN | May 22, 2016, 12.32 PM IST






Mangaluru: Vagaries of nature is expected to take a toll on the production of King of Fruits - Mango - in Karnataka this year. A combination of failure of pre-monsoon showers at the flowering and growth stage and spike in temperature in mango growing belt of the state is expected to limit the total production of mango to an estimated 12 lakh tonnes in the current season as against 14 lakh tonnes in the last calendar year.



However, the good news for fruit lovers is that this could see price of mangoes across varieties decrease marginally by 2-3%. This is mainly on account of 'import' of the fruit from other mango-growing states in India, said M Kamalakshi Rajanna, chairperson, Karnataka State Mango Development and Marketing Corporation Ltd.




Karnataka is the third largest mango-growing state in India after Uttar Pradesh and Maharashtra.



Inaugurating a two-day Vasanthotsava organized by Shivarama Karantha Pilikula Nisargadhama and the Corporation at P…

Mangoes date back 65 million years according to research ...

Experts at the Birbal Sahni Institute of Palaeobotany (BSIP) here have traced the origin of mango to the hills of Meghalaya, India from a 65 million year-old fossil of a mango leaf. 





The earlier fossil records of mango (Mangifera indica) from the Northeast and elsewhere were 25 to 30 million years old. The 'carbonized leaf fossil' from Damalgiri area of Meghalaya hills, believed to be a mango tree from the peninsular India, was found by Dr R. C. Mehrotra, senior scientist, BSIP and his colleagues. 




After careful analysis of the fossil of the mango leaf and leaves of modern plants, the BISP scientist found many of the fossil leaf characters to be similar to mangifera.


An extensive study of the anatomy and morphology of several modern-day species of the genus mangifera with the fossil samples had reinforced the concept that its centre of origin is Northeast India, from where it spread into neighbouring areas, says Dr. Mehrotra. 




The genus is believed to have disseminated into neighb…