EMM News Explorer: Stephen Roach

[ said]: People's incomes are only 42 percent of the GDP, whereas in the US the rate is 86 percent. So the government should raise the income of the citizens, especially when China wants to stimulate domestic private consumption,

peopledaily 07-DEC-10

[ said]: There is a certain amount of momentum to inflation, so it's likely to be the a problem over the next 12 months. If the government acts quickly, it will be able to limit the problem, or else China could be facing this problem in 2012 as well,

peopledaily 07-DEC-10

[-said]: The inflation cycle in China right now is at a critical point,

chinadaily 07-DEC-10

[ said]: In the post-crisis environment, the shift means to build a consumer-led economy, and that is the overriding challenge in China,

peopledaily 07-DEC-10

[-noted that]: You have to be careful because if you start raising wage income while having an inflation problem, you can build in a relationship between wages and prices that adds more to the inflation problem.

chinadaily 07-DEC-10

[ said]: That's where the negotiations should be between the US and China, not about the yuan but about access to domestic Chinese markets and dealing with issues of indigenous innovation,

AsiaOne 12-NOV-10

[ said]: a wrong policy at a wrong time

AsiaOne 12-NOV-10

[-said]: It really gives the G-20 a far more workable framework to address the broad subject of imbalances,

irishsun 12-NOV-10

[this week commented that:]: SOEs are very different from their predecessors

asiatimes 20-OCT-10

[-said]: (It) is not necessarily manifest in mis-evaluation of the currency,

peopledaily 12-OCT-10

[-said]: It really misses the true opportunity that we as a nation need to think about and that is how we can uncover new sources of growth to create jobs,

irishsun 30-SEP-10

[-said]: The currency fix will not work, despite what you hear from a lot of famous economists and politicians,

irishsun 23-SEP-10

[-said]: In a fragile post-crisis era, there is nothing wrong with China relying on a currency anchor as a linchpin of financial stability,

irishsun 17-SEP-10

[ said]: The U.S. is, I think, in the early stages of what is a very protracted sluggishness of domestic internal demand,

irishsun 22-JUL-10

[ said]: I am underwhelmed,

TurkishDailyNews 28-JUN-10

[-said]: It's just bad economics to pretend we can fix the lives of middle-class American workers by getting the Chinese to revalue its currency vis-a-vis the dollar - it's a horrible misconception,

peopledaily 17-JUN-10

[-said]: This is just a sliver of the property boom,

peopledaily 17-JUN-10

[-told]: If you leave the interest rates where they are, then you are asking for trouble...you need to set a target for the policy rates, which is consistent with the state of real economy,

economictimes 02-JUN-10

[-said]: We saw that in Asia in the late ‘90’s, we saw that in the U.S. in ‘08, ‘09, and we’re going to see that in Europe, certainly in the peripheral countries, with significant multiyear contractions in the years ahead.

economictimes 11-MAY-10

[-said]: When you have a vulnerable post-crisis economic recovery and crises reverberating in the aftermath of that, you have some very serious risks to the global business cycle,

economictimes 11-MAY-10

[-said]: It's difficult to stop the bleeding with a package directed at only one country,

MailGuardian 06-MAY-10

[ said]: In some respects what is going on in southern Europe right now feels a lot like what went on in southeastern Asia in summer 1997,

irishtimes 06-MAY-10

[-said]: This is not the end of the world,

peopledaily 06-MAY-10

[ said]: The role of the currency is overplayed in assessing your ups and downs in exports,

joongangdaily 29-APR-10

[ said]: interest rates are still set in crisis mode,

joongangdaily 29-APR-10

[-told]: I do not think that China should be held accountable for the problems that are bearing down on American workers (and) American companies and the broad U.S. economy,

cnn 14-APR-10

[-said]: some strong indications they want to go back to a gradual appreciation against the dollar,

ChinaPost 13-APR-10

[ said]: The US Administration was understandably concerned that we were headed toward a very slippery slope,

nzherald 08-APR-10

[ said]: The US administration was understandably concerned that we were headed toward a very slippery slope,

financialexpress 08-APR-10

[-said]: I believe the currency adjustment that is being suggested by the West is the wrong way to go,

xinhuanet_en 22-MAR-10

[-said]: We should take out the baseball bat on Paul Krugman. I mean I think that the advice is completely wrong,

xinhuanet_en 22-MAR-10

[-said]: We should take out the baseball bat on Paul Krugman — I mean, I think that the advice is completely wrong,

economictimes 19-MAR-10

[-said]: giving Washington very, very bad advice

economictimes 19-MAR-10

[-said]: What the world needs is a shift in the mix of saving,

economictimes 19-MAR-10

[-noted]: We are hopeful to see more such announcements in the Budget. There is a lot of investor interest for good public sector companies in India,

financialexpress 10-FEB-10

[-added]: I am hopeful that the Indian government will target deficit at 5.5% of GDP by the end of 2010-11 fiscal, which is a nearly 1.5% reduction from the expectation for 2009-10 fiscal. India must go for fiscal consolidation when the economy is strong,

financialexpress 10-FEB-10

[ said]: There may be encouraging signs of fiscal consolidation, tax reforms, disinvestments and a further push on infrastructure investment in the budget,

financialexpress 10-FEB-10

[ said]: The investments in infrastructure need to go up,

financialexpress 10-FEB-10

[-said]: We will see more of such announcements coming (on PSU disinvestment),

economictimes 09-FEB-10

[-said yesterday]: In this highly charge political season, bank bashing has become a favorite sport for politicians all over the world,

btimescom 22-JAN-10

[-said]: China did the right thing in the crisis, but this is not the long-term, sustainable outcome,

japantimes 21-JAN-10

[ wrote]: The West, especially the United States, needs to take a long hard look in the mirror and face up to its own imbalances. Hypocrisy is not a recipe for global statesmanship,

xinhuanet_en 17-JAN-10

[-says]: There is good reason to believe that China gets it – and is about to take dramatic steps in rebalancing its domestic economy in a fashion that would provide a sustained and meaningful reduction in its current account surplus,

guardian 17-JAN-10

[-argued]: Bernanke is really digging in his heels here, this is a point of view that he developed as an academic when he was at Princeton.

financialexpress 05-JAN-10

[-said]: There is never an easy time to do it,

financialexpress 05-JAN-10

[-said]: I think it’s ludicrous to think that monetary policy didn’t play any role in causing the so-called subprime crisis,

financialexpress 05-JAN-10

[-said]: embraced Greenspan’s philosophy in the same fashion, arguing that monetary policy should not be used to address asset bubbles, this is more of a regulatory oversight issue,

financialexpress 05-JAN-10

[-said]: We’ve seen the most extraordinary monetary stimulus on the record in the 15, 16 months post-Lehman Brothers,

financialexpress 05-JAN-10

[ said]: This is a failed flaw in the intellectual construction of modern central banking that must be addressed,

financialexpress 13-DEC-09

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