stephen roach'>Economist Stephen Roach explains why he expected a double-dip US recession this year, and why that call now lies in tatters.
Stephen S. Roach of @JacksonYale explains why he expected a double-dip US recession by mid-2021, and why that call now lies in tatters.
Stephen Roach: "China’s approach…first, insulate its citizens from a virulent pathogenic contagion…and then—and only then—make judicious use of monetary and fiscal policy to reinforce the post-lockdown snapback. This is very different from…the US."
Stephen Roach said US dollar will collapse by the end of 2021, and the economy can expect to face a more than 50% chance of a double-dip recession
Double dips "have occurred in eight of the 11 recessions since the end of World War II....The current recession is a classic set-up for a double dip:" Yale's Stephen Roach
The decline of the U.S. dollar could happen at ‘warp speed’ in the era of coronavirus, warns prominent economist Stephen Roach