Stephen Roach Quotes on Danger & Risk (5 Quotes)

    Borrowing from physics, the last thing an unstable system needs is a shock. And yet the risks of just such a disturbance have never seemed higher. Far-fetched as it seems, the possibility of a more perilous endgame is rising.

    For the last three years, we've had a two-engine world the Chinese producer and the American consumer. Both engines are going to slow down. The debate will be whether this two-engine global 747 is in danger of stalling.

    The risk is that he will be blind-sided, as his predecessors were, very early in his tenure by something he is not all that well prepared for and by something that the markets do not have confidence in him for.

    There is a dangerous degree of complacency, and out of that comes a surprise that does the most damage to the global economy.

    I do not think that China is going to run the risk of accelerating its pace of opening up its capital markets because of adverse consequences in the global economy.

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