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.Stephen Roach
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.
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When he leaves ... he will take away 18 years of confidence the markets have invested in him.
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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..
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Mine didn't even rhyme, ... But I loved him. He was a great man. I miss him. Put that in, will you.
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