# In an op-ed, Professor Nouriel Roubini explains the problems of ratings agencies and highlights the need for data-driven analysis in the global economy

1 Faculty News August 10, 2015 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025699.jpg?itok=5SpaxEbn)>

Excerpt from [Financial Times](http://www.ft.com/intl/cms/s/0/750fc7b0-3f41-11e5-b98b-87c7270955cf.html#axzz3iVQNV9Kh) -- "Spotting risk is difficult, and it is tempting to let others do the hard work. But rating agencies follow an ad hoc and slow-moving approach. Market signals, such as the interest rates payable on sovereign bonds, are noisy and volatile. It takes systematic, data-driven analysis to understand the dangers hidden in a shifting global economic scene."

[Read more](http://www.ft.com/intl/cms/s/0/750fc7b0-3f41-11e5-b98b-87c7270955cf.html#axzz3iVQNV9Kh)