Stephen Roach

29 Jan 19, 10:05am
Stephen Roach warns that rising protectionism could spark a surprisingly swift deterioration in global economic conditions. The global trade cycle is facing major stress in 2019 and downward revisions have just begun
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27 Dec 18, 9:02am
Stephen Roach congratulates the US Fed for the courage to commit to normalising interest rate. He says there is simply no other way to break the US economy's 20yr dependence on asset bubbles
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24 Nov 18, 12:56pm
Stephen Roach urges both countries' leaders to focus on four issues when they meet at the upcoming G20 summit. A real deal is unlikely but here is a checklist to judge any accord reached
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23 Oct 18, 9:50am
Stephen Roach points to global and domestic factors aligning to push up US prices faster than the Fed may expect, vexing everyone in an interconnected world
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26 Sep 18, 11:37am
Stephen Roach notes that while China is changing, or at least attempting to do so, America remains stuck as a deficit saver with the need to draw on global surplus saving to support economic growth
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28 Aug 18, 9:57am
Stephen Roach says as China shifts to a consumption-based economy, it will become less willing to finance American deficits. A lack of savings will expose the US painfully just as its budget deficits explode
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31 Jul 18, 9:01am
Stephen Roach spells out five lessons from a decade of quantitative easing policies by central banks
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27 Jun 18, 2:00am
Stephen Roach thinks current US trade, tax and spending policies constitute a classic case of imperial overreach
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4 Jun 18, 1:14pm
Stephen Roach explains the political appeal of the Trump Administration's nonsensical approach to trade with China
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26 Apr 18, 12:04pm
Has US Trade Representative Robert Lighthizer made an ironclad case against China in his so-called Section 301 report? Stephen Roach thinks not, calling it wide of the mark in key areas
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22 Mar 18, 5:00am
Stephen Roach sees a China that knows what it has to do, and an America with a serious leadership deficit. Accountability for failure won't be able to be avoided
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28 Feb 18, 5:02am
Stephen Roach says look at the real nature of the US savings-short economy to understand why 'momentum' won't carry it far, and why a tariff wall won't help
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28 Jan 18, 7:30am
Stephen Roach thinks trade wars are for losers and that Chinese retaliation against US trade sanctions will almost certainly cause America far more damage
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16 Dec 17, 9:09am
Stephen Roach says the world is set up for the unwinding of three mega-trends: unconventional monetary policy, the real economy’s dependence on assets, and a potentially destabilizing global saving arbitrage
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