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Notable quotes in this 5 minute segment:
"They don’t want to look in the mirror. America doesn’t have a China problem. It really has a savings problem. America has the biggest shortfall of national savings of any leading country in modern history. And when you don’t have saving you have to run current account deficits to [...]

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This is how Stephen Roach describes the economy despite the largest monetary and stimulus in global history. Below is a TV interview Roach recently did on CNBC TV-18 as a video in two parts with the linked transcript at the bottom.  Roach says that historical precedent demonstrates recessions precipitated by large private sector debt burdens [...]

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Given my post on Jim Rogers’ doubting Chanos’ knowledge about China, I thought it appropriate to post the latest Chanos interview on the China property bubble. 
This call by Chanos is really setting us up for some seriously entrenched camps of pro-China bulls (like Rogers)against China sceptics (like Chanos, but also like Andy Xie). Is [...]

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Here is more of Marc Faber, this time with Stephen Roach joining from Asia. Faber starts things off by making a point I have made many times in the past, namely that the Federal Reserve’s easy money policy is asymmetric; they are quick to cut on the way down, but slow to raise rates on [...]

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This morning, I ran across a post by Prieur du Plessis, which linked out to a Stephen Roach interview on Charlie Rose.
Roach is the head of Morgan Stanley Asia and has been a voice to listen to when trying to discern where China is headed and how its relationship with the United States will develop. [...]

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Stephen Roach doesn’t mince words.  He calls monetary policy during the bubble years “reckless and irresponsible” and he thinks politics is thwarting any meaningful regulatory reform, a view I also hold. I think the point of Roach’s attack is that a lot of finger-pointing has been directed at Wall Street and even Main Street. But, [...]

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Nouriel Roubini is the most prominent economist to warn that a double-dip recession would be a distinct possibility if economic policy-makers return to policy normalization too quickly.  Now, Stephen Roach, head of Morgan Stanley Asia, is making similar arguments. 
Roach was on Bloomberg Radio’s show Bloomberg Surveillance with Tom Keene and Ken Pruitt yesterday, where [...]

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While most economists have come out in favor of Barack Obama’s decision to re-appoint Ben Bernanke as Chairman of the Federal Reserve Board, Stephen Roach has penned an Op-Ed in today’s Financial Times which highlights the case against Bernanke. It is must reading.
Roach has three main points.

Before the Lehman bankruptcy, Bernanke was an adherent of [...]

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The US is not the only place where a double dip downturn is to be feared.  China has its own economic imbalances to deal with.  Too much money is being thrown at the problem creating malinvestment and a bubble economy, shares having doubled this year alone.
Stephen Roach thinks much of the stimulus money in China [...]

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Here’s a nice clip from Stephen Roach from last week asking “where’s the demand?” 
His thesis is pretty simple:  we have an inventory-induced upturn that might actually show positive GDP growth in the U.S. for Q3, what I have termed the mother of all inventory corrections.  But, that’s it.  Underneath this is no discernible pickup [...]