Stephen Roach: Irresponsible negative rate policies, China’s currency fears

Bernie Lo, CNBC, Released on 3/21/16

“You are changing the relationship between borrowers and lenders.”

Part 1 (part 2 below)

“They [China] have more than enough firepower to deal with pressures on their currency.”

Part 2

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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