# Prof. Nouriel Roubini discusses his recent op-ed, "The New Abnormal"

1 Faculty News June 25, 2013 ![Charlie Rose logo](/sites/default/files/styles/246w/public/assets/images/con_030871.jpg?itok=tJKY5G5v)>

Excerpt from [Charlie Rose](http://www.charlierose.com/view/interview/12998) -- "After the global financial crisis, somepeople like Mohamed El-Erian, who is the co-CEO of PIMCO, said we are entering the new normal, a period of time where economic growth in advanced economies would be low, anemic, sub-par and so on...Our point is that this situation is one that is not a stable equilibrium. It is not even a stable disequilibirium. It is an unstable disequilibrium. Take for example the eurozone. You can't have just a monetary union without banking, political, economic, fiscal union. Either you move towards more integration, or you are going to have fragmentation disintegration."

[Watch the video](http://www.charlierose.com/view/interview/12998)