“The U.S. economy has been afflicted with some significant macro imbalances for a long time,
namely a very low domestic savings rate and a chronic current account deficit,
” the former Morgan Stanley Asia chairman told CNBC’s “Trading Nation” on Monday.
“The dollar is going to fall very, very sharply.”
His forecast calls for a 35% drop against other major currencies.
“These problems are going from bad to worse as we blow out the fiscal deficit in the years ahead,
” said Roach, a Yale University senior fellow.
https://www.cnbc.com/2020/06/15/dollar-crash-is-almost-inevitable-asia-expert-stephen-roach-warns.html
A dollar crash is virtually inevitable, Asia expert Stephen Roach warns / 35% drop against other major currencies
namely a very low domestic savings rate and a chronic current account deficit,
” the former Morgan Stanley Asia chairman told CNBC’s “Trading Nation” on Monday.
“The dollar is going to fall very, very sharply.”
His forecast calls for a 35% drop against other major currencies.
“These problems are going from bad to worse as we blow out the fiscal deficit in the years ahead,
” said Roach, a Yale University senior fellow.
https://www.cnbc.com/2020/06/15/dollar-crash-is-almost-inevitable-asia-expert-stephen-roach-warns.html