Dr. Doom is learning Mandarin


The European Central Bank will eventually be forced to cut interest rates or risk an even deeper recession that could test the eurozone again by inflaming political and social tensions, American economist Nouriel Roubini has warned.

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DAVOS, SWITZERLAND — Dr. Doom is taking a break from his regimen of gloomy predictions to learn a little Mandarin Chinese.

Nouriel Roubini, an economics professor at New York University best known for predicting the U.S. housing crisis, is taking Mandarin lessons, saying it’s critical to understand the main language of the world’s most populous nation.

“You have to learn Mandarin,” he said. “Mandarin is going to become a key language. That’s the future.”

Roubini said that wealthy parents in New York are increasingly hiring Chinese nannies so their children pick up the language. He said if he had kids, he’d want them to learn Mandarin too.

The professor revealed his new hobby during a talk on China at the World Economic Forum in Davos, Switzerland.

While Roubini said English is still the main language for business, it’s important to learn Mandarin to gain a better understanding of the culture, economics and history of China.

According to estimates, well over 900 million people are native Mandarin speakers — roughly three times the U.S. population. The language is mainly spoken in China, Taiwan and Singapore.

While Roubini seems rather optimistic about China’s rise, at least one other American investor has taken the theme a step further.

Legendary American investor Jim Rogers moved to Singapore to get closer to China as the global financial crisis kicked off. He said he didn’t move directly into a Chinese city because of pollution levels, but wanted to live in a city where Mandarin was spoken.

By Alanna Petroff

The-CNN-Wire™ & © 2014 Cable News Network, Inc., a Time Warner Company. All rights reserved.

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