Stephen Roach on Currencies, EM's, the US Consumer and Muni's

                  

Stephen Roach, Global Economic Outlook, July 2010

Stephen Roach is not saying anything he has not said before, but this is a reminder of the economic conditions within China. It's an 18 minute interview. The interview covers the global debt crisis, the condition of China's economy, the condition of the US consumer and the chances for low, but positive, US economic growth to be sustained.

One Eye on China: Are the Wheels Wobbling?

Here is a CNBC video clip showing Jing Ulrich talking about business conditions in China. Her perspective is one of promoting China's investment opportunities to foreign investors for Morgan Stanley. Never-the-less, she provides some interesting observations. For example, she talks about the tier one cities like Shanghai and Beijing compared with the tier two, three and four cities that would all be names I have not heard of. These cities will need development that represent needs of the population and potential asset growth in the China economic story. She points to the coming expansion of a high speed rail system as an integral piece of the rapidly developing emerging economy, creating employment now and part of the transportation infrastructure for further growth in the future.

One Eye on China: Dispelling the Bubble Hype

Stephen Roach is the Chairman of Morgan Stanley Asia and IMHO, he is a level mind. His views on the inner dimensions of China cut through the fog and focus on the facts of the conditions and interprets them for us Westerners. Not many of us get to spend very much time in China so that we can grow more knowledgeable of the country, making his observations more valuable. Here is a link to a Bloomberg interview discussing the frequent concerns in headlines about inflation and bubbles in the China economy. Scanner