Stephen Roach

Stephen Roach, a senior fellow at Yale Law School and former chairman of Morgan Stanley Asia, shares his concerns over rising 'Sinophobia' in U.S. policy towards China. He warns that aggressive tariffs and export restrictions could lead to a new Cold War. Roach draws parallels between current tensions and the U.S.-Japan trade conflicts of the 1980s, emphasizing the need for nuanced dialogue to avoid conflict. He also highlights the dangers of misunderstanding China's economic strategies and transitioning from export-led growth.

Stephen Roach, a Yale professor and expert on China's economy and US-China relations, dives into some thought-provoking topics. He suggests that both nations may need a kind of 'relationship therapy' to address their intertwined issues. Roach discusses how distorted narratives hinder diplomatic efforts and raises concerns about a potential hot conflict over Taiwan. He also proposes innovative solutions like a US-China Secretariat based in neutral Tahiti to foster better communication and collaboration, while questioning which side is truly committed to engagement.

David Kelly, J.P. Morgan chief global strategist, outlines growth, inflation and portfolio positioning. Torsten Slok, Apollo chief economist, explains oil shocks, inflation blips and AI's early labor effects. Stephen Roach, former Morgan Stanley Asia chair, argues U.S. political moves may give China an advantage and weighs Taiwan and economic leverage. They discuss Iran Strait developments, market rebounds and private credit liquidity concerns.