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Economist Stephen Roach issues new dollar crash warning, sees double-dip recession odds above 50%
Economist Stephen Roach warns next year will be brutal for the dollar. Not only does he see growing odds of a double-dip recession, the Yale University senior fellow believes his “seemingly crazed idea” that the dollar would crash shouldn’t be so crazy anymore. “We’ve got data that’s confirmed both the saving and current account dynamic in a much more dramatic fashion than even I was looking for,” Roach told CNBC’s “Trading Nation” on Wednesday. Roach highlights two ominous second quarter figures. “The current account deficit in the United States, which is the broadest measure of our ... (full story)