savings glut

I fully support deficit spending as a means to prevent a debt deflationary spiral in a deep downturn.  However, there are limits to what stimulus can actually do. Stimulus is no panacea for an unbalanced economy. In particular, when…

Nouriel Roubini is the most prominent economist to warn that a double-dip recession would be a distinct possibility if economic policy-makers return to policy normalization too quickly.  Now, Stephen Roach, head of Morgan Stanley Asia,…

While most economists have come out in favor of Barack Obama’s decision to re-appoint Ben Bernanke as Chairman of the Federal Reserve Board, Stephen Roach has penned an Op-Ed in today’s Financial Times which highlights the case against…

There seems to be a blame game making the rounds in policy circles these days in which Asia is at fault for the credit crisis and economic downturn. The meme goes like this: Everything was fine until the Asians started manipulating their…