Stephen Roach: Take out Krugman’s baseball bat

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Krugman portrayed the problem of global imbalances as solely coming out of China’s high saving rate and manipulation of its currency. Stephen Roach, Chairman of Morgan Stanley Asia, offers a more comprehensive perspective.

Americans have been saving nothing, consuming too much, and high on leverage. “Get your own house in order” before you carry stick toward others — that’s the sensible advice from Roach.

Related posts:

  1. Stephen Roach: New stagflation made in Asia
  2. Roach: US and Japan, not much difference
  3. Roach: what have we learnt from Japan?
  4. Roach on Chinese Economy and Paulson’s Rescue Plan
  5. Roach China Interview

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This entry was posted on Friday, March 19th, 2010 at 5:08 am and is filed under China, Currency. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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