Stephen Roach
Stephen Roach
basis move question
The Fed's going to move 25 basis points; the question is what about after that.
china economic trouble
If that's the economic model, China is in trouble.
cuts expected experience results similar table tax
Like it or not, the experience of the 1980s demonstrates that supply-side tax cuts are not self-financing. In my opinion, similar results can be expected from the multi-year tax cuts now on the table in Washington.
fed regard staying
By staying disciplined with regard to inflationary policy, the Fed nips any inflationary expectations in the bud.
cure disease prevail until war
You've got war, SARS, uncertainty, and imbalances that will prevail after the war is over and until a cure for the disease is found.
accepted alignment appear avoid balanced banking central closer dependence excess moving order pitfalls practice remarks
Greenspan's remarks appear to be more balanced than in the past. He is moving into closer alignment with what has become accepted practice in most central banking circles. Missing, however, is what a central bank should do in order to avoid the pitfalls of excess dependence on overvalued assets.
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For the United States, it's the end of labor as we once knew it.
fall global growth nature protracted reason shoe stress
That underscores the possibility of yet another shoe to fall in world growth -- all the more reason to stress the protracted nature of this global downturn.
carefully great spending watch year
This is the year to watch out carefully for the end of the great American spending binge.
accounting broader close component economy global hits large measures percent trade
Global trade is an increasingly large component of the world economy -- now accounting for close to 25 percent of global GDP. So when world trade hits the wall, so should the broader measures of global output.
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Mine didn't even rhyme, ... But I loved him. He was a great man. I miss him. Put that in, will you.
china expect hard landing past proved seems three west
The West always seems to expect a hard landing in China. Yet in three instances over the past decade, China has proved the doubters wrong.
adjusted data explaining fall normal recent return strength weather
The same distortions, in my view, could well be explaining a lot of the recent strength in the remainder of the U.S. data flow. If that's the case, all it will take is for the weather to return to normal and the seasonally adjusted data will fall like a stone.
betrayed david ignored medical needs
He's the victim. He was beaten, abandoned, betrayed and his medical needs ignored by David Williams.