Stephen S. Roach was Chairman of Morgan Stanley Asia and the firm's Chief Economist, and currently is a senior fellow at Yale University’s Jackson Institute of Global Affairs and a senior lecturer at Yale’s School of Management. His most recent book is The Next Asia.
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Stephen S. Roach
Commentaries by Stephen S. Roach
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Long Live China’s Slowdown
NEW HAVEN – At 7.7%, China’s annual GDP growth in the first quarter of this year was slower than many expected. While the data were hardly d…
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China on the Move
BEIJING – The debate is over. After six years of weighing the options, China is now firmly committed to implementing a new growth strategy. …
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America’s Strategy Vacuum
NEW HAVEN – Apparently, policymakers at the Federal Reserve are having second thoughts about the wisdom of open-ended quantitative easing (Q…
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China’s Last Soft Landing?
NEW HAVEN – Once again, China has defied the naysayers. Economic growth picked up in the final quarter of 2012 to 7.9% – half a percentage p…
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Shinzo Abe’s Monetary-Policy Delusions
NEW HAVEN – The politicization of central banking continues unabated. The resurrection of Shinzo Abe and Japan’s Liberal Democratic Party – …
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China’s Dream Team
NEW HAVEN – China’s recent leadership transition was widely depicted as a triumph for conservative hard-liners and a setback for the cause o…
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A New Low for China Bashing
NEW HAVEN – As America’s election season nears its finish, the debate seems to have come unhinged. Nowhere is that more evident than in the …
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Macro Malpractice
NEW HAVEN – The wrong medicine is being applied to America’s economy. Having misdiagnosed the ailment, policymakers have prescribed untested…
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China is Okay
NEW HAVEN – Concern is growing that China’s economy could be headed for a hard landing. The Chinese stock market has fallen 20% over the pas…
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America’s Other 30%
NEW HAVEN – The American consumer is but a shadow of its former almighty self. Personal consumption in the United States expanded at only a …
America’s Strategy Vacuum
Robert Lunn: This hits the mark. "Acceleration the process of balance sheet repair" surely can be accomplished more productively. Increasing the size of the balance sheet to 4 trillion in order to create a "wealth…
Long Live China’s Slowdown
Pingfan Hong: For those who only focus on the demand side of the economy, and only on the short term growth fluctuation, economic growth can be led by anything: consumption led growth, export led growth, service le…