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.
More Quotes from Stephen Roach:
An extraordinary deflationary shock in tradable goods has coincided with outsize disinflation in services, resulting in the most deflation-prone business cycle of the modern post-World War II era,Stephen Roach
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.
Stephen Roach
Once viewed as an unparalleled opportunity, the Chinese miracle is now being viewed as a threat by both the U.S. and Japan.
Stephen Roach
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.
Stephen Roach
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.
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
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Based on Topics: Past QuotesThe life of states cannot, any more than the life of individuals, be conditioned by the force and the will of a unit, however powerful, but by the consensus of a group, which must one day include all states.
Lester B. Pearson
The great object is that every man be armed.
Patrick Henry
The ruling class is and will continue to be the class of decision makers.
Jean-Francois Lyotard