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.
More Quotes from Stephen Roach:The West always seems to expect a hard landing in China. Yet in three instances over the past decade, China has proved the doubters wrong.
If the Schumer-Graham bill closes down U.S. trade with China through the imposition of steep tariffs, a saving-short U.S. economy will simply have to divert a significant portion of its multilateral trade deficit elsewhere.
When he leaves ... he will take away 18 years of confidence the markets have invested in him.
Europe looks at China as more of a strategic partner than a competitive threat so it has stayed more out of the currency debate than the U.S..
Mine didn't even rhyme, ... But I loved him. He was a great man. I miss him. Put that in, will you.
For the United States, it's the end of labor as we once knew it.
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Being a good host offsets the deprivation and loneliness of my youth.
The old, subjective, stagnant, indolent and wretched life for woman has gone. She has as many resources as men, as many activities beckon her on. As large possibilities swell and inspire her heart.
Anna Julia Cooper
The industry's memory is quite short, it's true.