A bear hug from Stephen Roach

Morgan Stanley''s chief economist urges China to consume and the US to save.

The cocktail party test has to be one of the world's most reliable economic indicators. If you save in America and you talk about it at a cocktail party, people make fun of you, says Stephen Roach, managing director and chief economist at Morgan Stanley. People talk about their big houses and their broker.

Roach, who is well known for his gloomy outlook on the US economy, was addressing the luncheon crowd at the Morgan Stanley...

To continue reading, please login or register for free

Click for more on: bear | hug | stephen | roach

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...