Podcast appearances and mentions of Stephen S Roach

On this episode of Long Reads Sunday, we look at Professor Stephen S. Roach’s piece “The Covid Shock To The Dollar.”This episode is sponsored by Bitstamp and Crypto.com.In it, he argues:Americans have been squandering their savings potential Because of this, we are forced to borrow surplus savings from abroadWe have usually been able to do this on favorable termsThat window may be coming to a closeThere could be a 35% drop in the dollar over the next 2-3 years

On this episode of Long Reads Sunday, we look at Professor Stephen S. Roach’s piece “The Covid Shock To The Dollar.” In it, he argues: Americans have been squandering their savings potential  Because of this, we are forced to borrow surplus savings from abroad We have usually been able to do this on favorable terms That window may be coming to a close There could be a 35% drop in the dollar over the next 2-3 years

Early reports on China’s Five-Year Plan outlining the government’s strategic priorities for 2016 to 2020 indicate preparations for slowed yet more sustainable economic growth. The plan involves ongoing transition toward an economy that promotes service industries, private consumption, innovation and entrepreneurship. The plan endorses a diversified economy, emphasizing quality rather than quantity for development and avoiding aimless pursuit of hyper-growth, explains Stephen S. Roach, a Yale faculty member. Roach maintains that a secure economy requires confident citizens. The government’s increased emphasis on a social safety net may convince Chinese households to feel more secure about their future and confident about spending, key for sustained growth. A final and detailed plan will be released in March. – YaleGlobal