Stephen S. Roach

China is a challenge for the US but also an opportunity. The US-China relationship is far too important.

In a decade punctuated by the global financial crisis, the COVID-19 crisis, a racial-justice crisis, an inequality crisis, and now a political crisis, we have only paid lip service to lofty democratic ideals.

While mass vaccination points to an end to the COVID-19 pandemic in the next year or so, it does not provide immunity against longer-term economic damage.

Just as China led the world in economic recovery in the aftermath of the global financial crisis of 2008, it is playing a similar role today. Its post-COVID rebound is gathering momentum amid a developed world that remains on shaky ground.

The global trade cycle is facing major stress in 2019, and markdowns have only just begun

Notwithstanding rumored unconstitutional threats from the president, Fed should be congratulated for its steadfast commitment to policy “normalization”

Not surprisingly, this pattern has been slow to emerge in the current cycle, largely owing to an unusually weak post-crisis economic recovery

Are independent central banks willing to force society to sacrifice growth for financial stability?

Trump’s deficit-busting tax cuts and increases in government spending make no sense for an economy with an unemployment rate of 3.8 percent

It doesn’t help when we emphasize that China is merely a large piece of a much bigger multilateral problem