Morgan Stanley economist Stephen Jen has said that it is the emerging market central banks, not the G-7 central banks who will be most tested by this bout of inflation that we are experiencing. His view of the implications of global inflation square well with Stephen Roach, Morgan Stanley’s head of Asia who recently [...]

Transcript of the interview with CNBC India here. He’s bearish on oil short-term. He’s bearish on financials and sees bankruptcies in the offng soon. This is a view I share. Bearish on India as well. I’ll be looking to update via the original video, if possible.

Share

Yesterday, I posted a blog entry detailing how Stephen Roach sees inflation as a concern, not because of food and oil, but because of Asian manufacturers. I find his argument compelling. Don’t get me wrong, I think deflation is the longer-term worry. But, right now an inflationary spiral is of greater concern. [...]

Stephen Roach is one of the best financial commentators in the business. In the aftermath of the bubble in the late 1990s, as Chief Economist of Morgan Stanley, he was quite bearish and warned of the downside risks for the global economy. But, as Alan Greenspan’s elixir of easy money seduced most market [...]