Stephen Roach, U.S. Has Japan Disease, Could Drag Global Economy Into a Quagmire

If we’re not careful the U.S. could suffer “Japanese disease”, Stephen Roach, Yale Professor and Morgan Stanley’s non- executive Asia chairman recently wrote in a note to clients.

Roach expounds on that idea in the accompanying interview, recorded at The Economist’s Buttonwood Gathering in New York City.

The message is simple: The U.S. has learned nothing from Japan. If it continues on the path of QE2, “Japanese disease” is likely to spread like a pandemic throughout the globe, he warns. "I am increasingly worried that the world economy is at risk of falling into a Japanese-like quagmire." read full article >>>>>