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Stephen Roach: What the bureaucrats aren’t telling you about America’s trade deficits

Carl Quintanilla, CNBC, Released on 3/8/17

“We can’t keep harboring the fantasy that we can grow indefinitely without saving for the future.”

Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm’s chief economist, is a senior fellow at Yale University’s Jackson Institute of Global Affairs and a senior lecturer at Yale’s School of Management. He the author, most recently, of Unbalanced: The Codependency of America and China and Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalization.

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