Post Tagged with: "Stephen Roach"
Xie and Roach: China Should Worry About Inflation
On the back of 10+% growth in 2010, it is now apparent that China has a burgeoning inflation problem. A whole confluence of factors may come into play here. A labour shortage in China, food price inflation, and out of control money supply growth all are impinging on consumer prices. It should be noted that
Comments by Faber, Gross, Roach, and Grantham on the Political Economy
Over the past several days, I have caught some very good commentary by a number of well-known financial industry experts. I wanted to share my own thoughts with you on their commentary, especially in light of my last posts on Eisenhower’s Farewell Address and The New Monetary Consensus. I have featured two of the commentaries
Stephen Roach on CNBC
CNBC has a lot of good guests on this week. Here’s another clip from earlier today. This time it’s Stephen Roach talking about asymmetric monetary policy and financial bubbles. Roach believes the Fed needs to entirely rethink its policy stance which Roach describes as allowing asset bubbles to form and cleaning up after the mess.
Stephen Roach: US cannot handle the liquidity provided by Fed
Stephen Roach argues that the U.S. is not equipped to turn the Fed’s liquidity into domestic demand so the liquidity provided by quantitative easing will simply leak out abroad to form asset bubbles somewhere else. He is principally concerned with Asia here and suggests capital controls are one route to deal with this problem. Of
Stephen Roach: QE represents ‘what got us into the mess’
I am on-board with Roach’s sentiments. This is certainly what I take away from the U.S. policy mix. Now, a lot of economists of the Keynesian variety are telling us that the problems in the US are cyclical i.e. an aggregate demand (AD) problem. Certainly, this is true if you are using a flow model
Stephen Roach: Quantitative Easing Won’t Work
"Global imbalances are a shared responsibility. The world is dead wrong to blame it on China." That’s how Morgan Stanley’s Stephen Roach began his interview with CNBC Asia. I agree 100% with these sentiments as I discussed in my post on My thoughts on the ‘currency war’. Nor is it about Japan alone or the
Roach: 40% chance of a double dip
Stephen Roach was the third interviewee in the Wall Street Journal’s new video format "the Big Interview." He sees a weak recovery and believes a double dip is more likely than the consensus. Roach also talks about the Federal Reserve and why he would not have voted for Ben Bernanke. His case for a double
Chanos, Roach Discuss Outlook for China’s Economy
Another classic from Bloomberg News. It runs about 22 minutes. I love Roach’s quip in jest to Chanos: "You ignorant slut." That quip in jest belies the congruence in Roach and Chanos’ views. Roach does say: "I’m not denying there’s not a bubble." He just feels the bubble will not lead to the kinds of
Roach: GD II awaits if China bashing rhetoric turns into protectionism
Stephen Roach is pulling no punches now. After quipping "I think we should take the baseball bat out on Paul Krugman regarding pro-protectionist statements Krugman made earlier this month, Roach has launched a blistering attack on the protectionist rhetoric in America. In an opinion piece released today in the Financial Times, Roach blamed America’s problems
Roach: I think we should take the baseball bat out on Paul Krugman
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
Roach: "weak, anaemic, fragile, potential vulnerable to a double dip”
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
More from Chanos on the Chinese property bubble
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