Ep. 23: Stephen Roach On The Dollar’s Coming 35% Decline
- By Bilal Hafeez
- 1 min read
In this episode, I talk with Stephen Roach. Stephen is well known for his 30-year stint at Morgan Stanley, where he was Chairman of Morgan Stanley Asia and Chief Economist. He’s currently a Senior Fellow at Yale University’s Jackson Institute of Global Affairs and a Senior Lecturer at Yale’s School of Management. At Yale, he has introduced new courses on “The Next China” and “The Lessons of Japan.”. He’s an author too with his recent book published in 2014, which is called Unbalanced: The Codependency of America and China”.
In this podcast, we discuss:
1. How poor public health investment has made the recession worse
2. Implications of the US’s diminished role on the global stage
3. Three reasons for the dollar’s coming decline
4. The problem with the lack of US savings
5. Why investment has been too low
6. The problem with Trump’s China policy
7. The need for Europe to stand up on the global stage
8. Likely Biden policies if he wins
9. Life after Wall Street
You can follow Stephen’s work on his Yale homepage and you can get his book here.
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(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)