Thursday, December 8, 2011

Morgan Stanley's Outlook of China And US

Steve Roach is the head of Morgan Stanley in Asia. This is a link to a video by Roach on the state of the US and Chinese economies. He believes that China is in good shape despite the decline in exports to Europe which is its largest market. The problem in the US is the lack of consumer demand. Business won't invest until it sees demand increasing. Government should be stimulating demand.

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