For the United States, it's the end of labor as we once knew it.
More Quotes from Stephen Roach:
I am feeling better about the prognosis for the world economy for the first time in ages.Stephen Roach
Greenspan's remarks appear to be more balanced than in the past. He is moving into closer alignment with what has become accepted practice in most central banking circles. Missing, however, is what a central bank should do in order to avoid the pitfalls of excess dependence on overvalued assets.
Stephen Roach
It's time to make it official. The downside risks we have been warning of over the past several months are now coming to pass.
Stephen Roach
Growth has been chronically weak when compared with any expansion of the past 40 years.
Stephen Roach
Mine didn't even rhyme, ... But I loved him. He was a great man. I miss him. Put that in, will you.
Stephen Roach
Today's German angst has much in common with the experience of the American worker in the early 1980s and again the early 1990s. For both cases in the U.S., there was no gain without pain. Germany is certainly going through the pain phase, but the gains cannot be minimized.
Stephen Roach
Readers Who Like This Quotation Also Like:
Based on Topics: Labor QuotesI employ 20 people in Vienna. The other 130 coworkers are pilots and flight companions. The Overhead is limited with me. Reduces naturally the costs of my fliers.
Niki Lauda
The dream is to keep surprising yourself, never mind the audience.
Tom Hiddleston
The dynamic, creative present, however conditioned and restricted by the effects of prior presents, possesses genuine initiative.
Corliss Lamont