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.
More Quotes from Stephen Roach:
The case for a classic U.S. current account adjustment grows more compelling. This could lead to renewed weakening of the dollar and higher long- term real interest rates.Stephen Roach
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Never in modern history has the world's leading economic power tried to do so much with so little. Now Washington is upping the ante as it opens the fiscal spigot to cope with post-Katrina reconstruction at the same time it is funding the ongoing war in Iraq. Could this be a tipping point for America's shoestring economy
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Once viewed as an unparalleled opportunity, the Chinese miracle is now being viewed as a threat by both the U.S. and Japan.
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China has been moving -- very slowly, but the speed is very much dependent on their ability to withstand reforms. The idea of forcing China and other countries to move on the currency front is a bad one.
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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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