Morgan Stanley’s Stephen Roach tells WSJ’s Kelly Evans the fragile US recovery could be undone and Federal Reserve Chairman Ben Bernanke’s policies too closely mirror Alan Greenspan’s. He also insists Asian economies aren’t ready to take the baton from the West.
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Source – WSJ.com
Stephen Roach, Morgan Stanley’s Asia chairman, discusses with Demetri Sevastopulo, the FT’s Asia news editor in Hong Kong, whether consumption from China, India and the other Bric countries can ever substitute for the US consumer. He also argues that the centre of gravity in the global economy will never shift to the Brics unless they [...]
Official data showed U.S. jobless rate in February remain unchanged at 9.7% but Stephen Roach, Asia chairman at Morgan Stanley, believes the real number actually stands at 11.5%. He explains why this discrepancy, with CNBC’s Martin Soong, Karen Tso & Sri Jegarajah.
Source – http://www.cnbc.com/id/35758582
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Hopes that Asia is going to be the new engine of the global economy are overblown at this point, cautions Stephen Roach, chairman at Morgan Stanley Asia. He tells CNBC’s Martin Soong, Karen Tso & Sri Jegarajah why
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