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Stephen Roach doesn't expect either China or India to witness a hard landing, though, like Doug...

Stephen Roach doesn't expect either China or India to witness a hard landing, though, like Doug Kass, he thinks India is more at risk of one. Whereas Chinese authorities can easily engage in monetary easing, following their successful efforts to combat inflation, a current-account deficit, weak rupee, and still-high inflation make it difficult for Indian authorities to do the same.
Comments (1)
  • HistorySquared
    , contributor
    Comments (33) | Send Message
     
    The literature, such as the below, showing the degree of credit growth is correlated to the severity of recession trumps the "home bias" of Dr Roach.

     

    http://bit.ly/v6FIkY

     

    Other countries have credit bubbles as well: hong kong, brazil, thailand, indonesia, turkey, and australia among them.
    27 Dec 2011, 04:13 PM Reply Like
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