Inflation is starting to broaden out it's starting to move up a little bit, ... The Fed certainly has to be concerned about that.
More Quotes from Stephen Roach:
With global trade screeching to such a standstill, so, too, should the external demand contributions of most major economies around the world,Stephen Roach
Conventional wisdom has it that globalization is a win-win but that is increasingly looking like a pipe dream. There is no escaping the concerns that workers in high-wage countries have.
Stephen Roach
The risk is that he will be blind-sided, as his predecessors were, very early in his tenure by something he is not all that well prepared for and by something that the markets do not have confidence in him for.
Stephen Roach
For all of China's efforts to create a vibrant domestic market, its economy is highly dependent on exports. China's economic model these days is very much a levered play on the staying power of the overly extended American consumer, ... That's a tough place to be for any economy in an energy shock - even China.
Stephen Roach
Consumers have stagnant real wages and they are getting hit with the shocks of higher energy prices. This is not a good combination for the overstretched consumer.
Stephen Roach
The United States has long drawn comfort from the quality differential of its educational system. However, in the Internet Age with its ubiquitous diffusion of knowledge, innovation, and technological change, that may turn out to be an increasingly false sense of security.
Stephen Roach
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