Borrowing from physics, the last thing an unstable system needs is a shock. And yet the risks of just such a disturbance have never seemed higher. Far-fetched as it seems, the possibility of a more perilous endgame is rising.
More Quotes from Stephen Roach:Growth has been chronically weak when compared with any expansion of the past 40 years.
I am feeling better about the prognosis for the world economy for the first time in ages.
By staying disciplined with regard to inflationary policy, the Fed nips any inflationary expectations in the bud.
I think there's every reason to believe that another jobless recovery could be in the offing in the years immediately ahead -- one that would take a comparable toll on consumer demand.
That underscores the possibility of yet another shoe to fall in world growth -- all the more reason to stress the protracted nature of this global downturn.
The West always seems to expect a hard landing in China. Yet in three instances over the past decade, China has proved the doubters wrong.
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Based on Keywords: endgame, far-fetched
The martyr sacrifices themselves entirely in vain. Or rather not in vain; for they make the selfish more selfish, the lazy more lazy, the narrow narrower.
All nature wears one universal grin.
My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury.