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Stephen Roach..The World is Tilting

  1. "Whether it’s double dip or just significant cuts to our growth forecasts, the basic message we’re sending in inescapable: The world is tilting again. We are doing our very best to place these seismic shifts into the construct of our global economic forecasting framework. Only time will tell if we have captured all the adjustments that are about to unfold. But the endgame is now beginning in this post-bubble world. And it speaks of a sea change in the macro climate. Barring the unlikely emergence of a new source of global growth, deteriorating prospects for the US economy spell nothing but trouble for a US-centric world economy"

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