Stephen Roach

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Last quote by Stephen Roach

We are lacking in savings. For a savings-short U.S. economy, you can't just legislate an extraordinary wishlist of ambitious programs without thinking about the funding issues. We're really flirting with potentially a very serious problem in terms of funding that will have very ominous consequences for the U.S. markets and the economy. In a frenzy to finally try to do something – and they've failed repeatedly so far this year – the conservative Republicans are forgetting their own sense of fiscal discipline.feedback
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Nov 17 2017
Find all of Stephen Roach’s quotes that have been published in 10 different articles on this page. Stephen Roach’s quotes are organized by date and topic, making it easy for you to compare, for example, what Stephen Roach has said both recently, and in the past, on a variety of topics. Some of the topics Stephen Roach likes to comment on include Trump, U.S. and policy. Most recently, Stephen Roach said, “This the same 'voodoo economics' that we heard repeatedly in the 1980s, and I guess the Congress is counting on the fact that we're all suffering from amnesia. But there are a few of us who are not.”.
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Stephen Roach quotes

Jul 18 2017

The wave of innovation in their private-based economy, anything from e-commerce to medical sciences, is really quite spectacular. The Chinese economy seems to be making remarkable progress in transforming itself into more of a consumer-based model driven more by cashless e-commerce. Their e-commerce share of total consumption is more than double ours [U.S.], and that gap is rising.feedback

May 09 2017 - Front National

It would have been a horrific, one-off bloodbath that probably would have lasted more than a few days. It takes a disaster scenario out of the equation which of course would have been a Le Pen victory and a dismantling of the euro zone as we know it. This still doesn't change the fundamental, difficult problems that Europe has and figuring out how to grow again, how to be competitive and be an active participant in a global economy which has left Europe behind.feedback

May 09 2017 - French election 2017

We [U.S.] still have a much more innovative, competitive, thriving economic construct than Europe does. Despite this victory for Macron, we're really dealing with a flawed economic currency zone, and it has a lot of banking and competitiveness issues. They have yet to be addressed.feedback

Mar 20 2017 - Multilateralism

It's pretty disappointing when you get finance ministers from leading countries in the world who, out of the blue, are unable to validate the commitment to anti-protectionism which is the underpinning globalization. That's an obvious reflection of the shifts in the political winds in the United States and indicative of a U.S. economy that is backing away from multilateralism. It was a disturbing meeting. I don't agree with anything Peter Navarro has said or written in his entire career.feedback

Mar 20 2017

History tells us that countries that are not attentive to doing reforms, rebalancing and restructuring and boosting productivity at home, if they spread their wings globally, ultimately they're overextended and will get into trouble.feedback

Mar 08 2017 - Walmart

We can't keep harboring the fantasy that we can grow indefinitely without saving for the future. The trade deficits are a manifestation of our saving deficit. There's a lot of things that China does that we don't like that we need to be tough in negotiating with. But if we hit them with tariffs, they'll reciprocate and put tariffs on us, and we could get into a global trade war. It would ... raise the price of goods sold at Walmart, which, by the way, would be a huge tax on struggling American families who are having a hard time making ends meet.feedback

Mar 08 2017

I hope he continues in the great tradition of providing rigorous, sound, analytical advice for the White House before they make a very serious mistake of historic consequences.feedback

Mar 08 2017

Pick everybody's favorite whipping boy, China, and it's like a water balloon. The water just goes somewhere else and the deficits get distributed to our other trading partners, all of whom are higher-cost producers, which taxes American middle class consumers.feedback

Dec 14 2016

The deeper question is less about the integrity of the leadership skills he can bring to the job, but how much scope for action he will have in the Trump administration … (after) Mr Trump has made some very strong statements about a number of critical foreign policy issues.feedback

Dec 14 2016

The idea of larger trade deficits colliding with protectionist shifts in policy is a very worrisome development for the U.S. and for the broader global economy.feedback

Dec 14 2016

As they bring those activities home, the cost of goods sold, the prices that go to American families who are hard strapped who voted for Mr. Trump, those prices are going to go up … We can't have it both ways.feedback

Nov 18 2016

Cutting a deal with the Chinese on a bilateral investment treaty, which is something that has eluded the Obama administration for the last 8 years, but if Trump were to do a deal, and he claims to be a master at the art of the deal, that would open Chinese markets to US companies. What better thing for a businessman to do than to provide market opening opportunities for hard-pressed US companies.feedback

Nov 18 2016

The Fed is going to continue to be glacial in its normalization and that will limit the upside of the US dollar and if I'm right on the current account deficit getting wider then that will also limit the upside of the US dollar.feedback

Nov 18 2016 - Unilateralism

This is an area where (Trump) is going to back down… somewhat, not completely. It's a two-way relationship, the United States depends on China and China depends on the U.S. so if the U.S. goes toward unilateral tariffs or this absurd currency manipulation charge, we can expect retaliation from China.feedback

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