Stephen Roach interviewed by Caijing

#1 (youtube link)

-Shape of the recession: a flat U

-American consumers: weakest most fragile states we have seen in the post war.

-Early stages of a multi year ajustment for american consumers

-Sluggish global growth for 3 to 5 years

-No Great Depression, Great Stagnation instead

#2 (youtube link)
-American consumers too far, too fast, for too long - limited recovery at best
-Consume less, create incentive to save more and reinvest in infrastructures
-TARP isn't working

#3 (youtube link)
-Inflation vs. Deflation outlook for 2009
-Reasons why china is buying US treasuries
-Falling chinese export
-The need for a safety net in China.