Once viewed as an unparalleled opportunity, the Chinese miracle is now being viewed as a threat by both the U.S. and Japan.
More Quotes from Stephen Roach:
This is the year to watch out carefully for the end of the great American spending binge.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
There is a dangerous degree of complacency, and out of that comes a surprise that does the most damage to the global economy.
Stephen Roach
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,
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
The major risk to the global economy is complacency. We cannot keep thinking that we can shrug off the deficit and the property bubble.
Stephen Roach
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Based on Topics: Miracles Quotes, Opportunity QuotesThe longer one lives, the more one realizes that nothing is a dish for every day.
Norman Douglas
My life is a series of things that just happen.
Harold Russell
I had to resign myself, many years ago, that I'm not too articulate when it comes to explaining how I feel about things. But my music does it for me, it really does.
David Bowie