Growth has been chronically weak when compared with any expansion of the past 40 years.
More Quotes from Stephen Roach:Without the consumer, revival remains all too dependent on tenuous support from China and business investment.
China's senior leadership gets it while many outside the country do not.
The same distortions, in my view, could well be explaining a lot of the recent strength in the remainder of the U.S. data flow. If that's the case, all it will take is for the weather to return to normal and the seasonally adjusted data will fall like a stone.
Unlike the case a decade ago, I view the coming normalization of Fed policy as a much more serous threat to economic recovery in the U.S. and the broader global economy,
Like it or not, the experience of the 1980s demonstrates that supply-side tax cuts are not self-financing. In my opinion, similar results can be expected from the multi-year tax cuts now on the table in Washington.
For the United States, it's the end of labor as we once knew it.
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No matter what has happened, you too have the power to enjoy yourself.
After much diligent research, aided by other women, I gradually came to understand that beneath the familiar Goddesses of the patriarchy, there is a much more ancient Goddess.
Carol P. Christ
No human creature can give orders to love.