This is the year to watch out carefully for the end of the great American spending binge.
More Quotes from 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
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.
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
Consumers have stagnant real wages and they are getting hit with the shocks of higher energy prices. This is not a good combination for the overstretched consumer.
Stephen Roach
An extraordinary deflationary shock in tradable goods has coincided with outsize disinflation in services, resulting in the most deflation-prone business cycle of the modern post-World War II era,
Stephen Roach
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.
Stephen Roach
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Sure I am of this, that you have only to endure to conquer.Winston Churchill
I don't think people have been able to deal with the fact that African American filmmakers can make movies about life and relationships.
Tim Robbins
But I'm an adventurer. I like invention, I like discovery.
Karlheinz Stockhausen