• 19 Mar 2010 at 10:45 AM

Stephen Roach Has An Idea For How We Should Deal With Certain Troublesome Economists

By Bess Levin


The same way we deal with anyone who dispenses advice we don’t agree with, or breaks into our house in the middle of the night: “Take out a baseball bat on him.”

Comments (22)

  1. 1
    Posted by Anonymous | March 19, 2010 at 11:01 AM

    awkward?

  2. 2
    Posted by Anonymous | March 19, 2010 at 11:02 AM

    gangster.

  3. 3
    Posted by Anonymous | March 19, 2010 at 11:05 AM

    I like dis guy.

    -CG

  4. 4
    Posted by Anonymous | March 19, 2010 at 11:08 AM

    holy day-glo, trish regan.

  5. 5
    Posted by Anonymous | March 19, 2010 at 11:09 AM

    Santelli: “Thanks, Sharon. So this morning we get a bat taken to us when we say we want a club sandwich instead of Turkey??? Look at Greece! T bonds or Tea Party, your choice. Wrong about everything?? Wolfman would dive on a turkey like a Fuller Brush salesman on some boarding house pie! Krugman’s take on turkey futures got gobbled up by the press!! The 30 year to 10 year spreads are as confused this morning as Sarah Palin waking up in Moscow, Idaho and fading like Tiger Woods tee shots. Interest rates are texting sordid messages to us as regulators want us to come down a stairway of consent when no one’s around!! Looking at the Libor ….not seeing much there…we wonder if the sovereign debt crisis will implode and Greece and Spain will live together like Tiger Woods and Jesse James will have to in the future?? We say that the government should “get a grip” and work it out by themselves. Back to you, Becky.

  6. 6
    Posted by guest | March 19, 2010 at 11:17 AM

    Morgan Stanley drags out Roach whenever the Yuan issue comes out. The thought that a country who keeps their currency artificially low doesn’t get an export advantage is ludicrous. The fact that this joke is a trained economist boggles the mind. The guy is trying to get the Yuan issue swept under the rug because he wants to use it to butter up the Chinese leadership and get investment banking work from them.

    He did this in 2003 when Bush was pressuring China to let the Yuan fluctuate in a free market like most other currencies. The FBI should investigate this for treason and violations of the Foreign Corruption Practices Act.

  7. 7
    Posted by Anonymous | March 19, 2010 at 11:19 AM

    Want me to drag him outta here, kick the shit out of him?

  8. 8
    Posted by Louis Winthorpe III | March 19, 2010 at 11:41 AM

    @5/Santelli- I’m a fan of your work.

  9. 9
    Posted by Louis Winthorpe III | March 19, 2010 at 11:47 AM

    Paul Krugman is a fucking assclown, by the way. He’s much less of an “economist” and much more of a “shitty NYT opinion columnist.”

  10. 10
    Posted by Anonymous | March 19, 2010 at 12:20 PM

    @5 too many verbs and pronouns, but ok effort.

  11. 11
    Posted by pfluger with the lost password | March 19, 2010 at 12:28 PM

    @9: An “assclown” you say!!!?

    I’ve never seen anyone insult assclowns like that. Gasparino, for one, will be apalled.

  12. 12
    Posted by smart guy | March 19, 2010 at 12:34 PM

    Stevie cockroach’s comments are influenced by the fact that he is the chairman of Morgan Stanley Asia and his ability to help his employer land deal (and by extension — his bonus) is dependent him maintaining good relations with Beijing. Take anything he says with a pound of salt.

  13. 13
    Posted by Anonymous | March 19, 2010 at 1:02 PM

    Glad to see we are bringing the tactics we employed in the 80s coming back.

  14. 14
    Posted by we go home now | March 19, 2010 at 1:15 PM

    …or you could call the North Korean regulators -

  15. 15
    Posted by guest | March 19, 2010 at 2:25 PM

    @12 wait, what?

  16. 16
    Posted by pranger | March 19, 2010 at 2:41 PM

    This is called talking your book.

  17. 17
    Posted by pranger | March 19, 2010 at 2:41 PM

    This is called talking your book.

  18. 18
    Posted by Anonymous | March 19, 2010 at 10:31 PM

    # 6

    How’s life in India?

  19. 19
    Posted by Anonymous | March 19, 2010 at 10:34 PM

    this is just a fucking test

  20. 20
    Posted by Anonymous | March 19, 2010 at 10:37 PM

    at 6

    He is entitled to his own opinion.

  21. 21
    Posted by TE | March 21, 2010 at 11:56 AM

    Brown shirt baseball bat intimidation tactics. The globalists are getting twitchy.

  22. 22
    Posted by Toffe | March 22, 2010 at 7:53 AM

    If the US wants the RMB to appreciate, why doesn’t it devalue the USD? The effect would be the same, i.e. US imports would fall and eventually we would find a USD level that makes buying US produced crap cheap enough for anybody outside the US to want it. Apart from the baseball bat, the guy is right: why to blame China, when the fix is at home? Maybe because it doesn’t fit the other puzzle pieces, like borrowing trillions from abroad. Who wants to buy some Treasuries, next week they will be 50% cheaper! Any takers?

    If this is China’s fault and not US fault, then why doesn’t anybody else complain? Europe seems fine with the EUR.

  23. 23
    Posted by Toffe | March 22, 2010 at 7:53 AM

    If the US wants the RMB to appreciate, why doesn’t it devalue the USD? The effect would be the same, i.e. US imports would fall and eventually we would find a USD level that makes buying US produced crap cheap enough for anybody outside the US to want it. Apart from the baseball bat, the guy is right: why to blame China, when the fix is at home? Maybe because it doesn’t fit the other puzzle pieces, like borrowing trillions from abroad. Who wants to buy some Treasuries, next week they will be 50% cheaper! Any takers?

    If this is China’s fault and not US fault, then why doesn’t anybody else complain? Europe seems fine with the EUR.

  24. 24
    Posted by Toffe | March 22, 2010 at 7:54 AM

    If the US wants the RMB to appreciate, why doesn’t it devalue the USD? The effect would be the same, i.e. US imports would fall and eventually we would find a USD level that makes buying US produced crap cheap enough for anybody outside the US to want it. Apart from the baseball bat, the guy is right: why to blame China, when the fix is at home? Maybe because it doesn’t fit the other puzzle pieces, like borrowing trillions from abroad. Who wants to buy some Treasuries, next week they will be 50% cheaper! Any takers?

    If this is China’s fault and not US fault, then why doesn’t anybody else complain? Europe seems fine with the EUR.

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