Tagged: Stephen Roach

“The easy money antics of the Federal Reserve and other central banks are delusional and bound to lead to a global crack-up, according to Yale University economist Stephen Roach. Roach, former chairman of Morgan Stanley Asia, suggested the ‘big bazooka’ of quantitative easing has led to inflation of assets like stocks and encouragement of currency depreciation — ingredients for disaster. ‘The world economy is in the grips of a dangerous delusion,’ he declared in a column for Project Syndicate. ‘Not only have wealth and currency effects failed to spur meaningful recovery in post-crisis economies, they have also spawned new destabilizing influences that threaten to keep the global economy trapped in a continuous series of crises.'”

It can’t be too much longer before “it all falls down”…

Source: John Morgan. “Stephen Roach: Fed Is Laboring Under a ‘Dangerous Delusion.'” Newsmax. May 4, 2015. http://www.newsmax.com/Finance/StreetTalk/Roach-Fed-economy-policy/2015/05/01/id/642078/.