Stephen Roach: America is a Zombie Nation just like Japan « naked capitalism: "Stephen Roach: America is a Zombie Nation just like Japan
Cross-posted from Credit Writedowns
Stephen Roach has written an Op-Ed in today’s Financial Times that is worth reading. He outlines his version of Richard Koo’s Balance Sheet Recession theorem, opining that “the global economy is being hobbled by a new generation of zombies – the economic walking dead.”
His main points are:
American consumers are retrenching"
No comments:
Post a Comment