Roach is a former Morgan Stanley Asia chairman and is now a senior fellow at Yale University.
- “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 dollar is going to fall very, very sharply.”
Roach spoke in an interview with CNBC, called for a 35% fall in the dollar.
- “These problems are going from bad to worse as we blow out the fiscal deficit in the years ahead”
He has further reasons too, here is the link