This is just another nail in the coffin for the world economy.
More Quotes from Stephen Roach:
The same distortions, in my view, could well be explaining a lot of the recent strength in the remainder of the U.S. data flow. If that's the case, all it will take is for the weather to return to normal and the seasonally adjusted data will fall like a stone.Stephen Roach
Mine didn't even rhyme, ... But I loved him. He was a great man. I miss him. Put that in, will you.
Stephen Roach
Conventional wisdom has it that globalization is a win-win but that is increasingly looking like a pipe dream. There is no escaping the concerns that workers in high-wage countries have.
Stephen Roach
Inflation is starting to broaden out it's starting to move up a little bit, ... The Fed certainly has to be concerned about that.
Stephen Roach
If that's the economic model, China is in trouble.
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
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Based on Topics: World QuotesThe mind of man has perplexed itself with many hard questions. Is space infinite, and in what sense? Is the material world infinite in extent, and are all places within that extent equally full of matter? Do atoms exist or is matter infinitely divisible?
James C. Maxwell
I had to accept that I was an alcoholic, that was the main thing. I think you've got to. But I try not say that I'm an alcoholic. I prefer to say that it's a disease I've got.
Paul Gascoigne
There were some entrepreneurial du Ponts that are a little different from the heads of the corporations today.
Pete du Pont