I think it's true that the 1 Percent or the elite are living in a world of, maybe, excessive privilege, and they don't fully realize how much pain and suffering, how much anxiety exists out there.
Nouriel RoubiniHaving spent 10 years studying emerging markets, I know that you have patterns repeated over and over again. A bubble is like a fire which needs oxygen to continue... when you see there is no oxygen, things change.
Nouriel RoubiniWe're essentially continuing a system where profits are privatized and...losses socialized.
Nouriel Roubini