Stephen S. Roach quotes

“The lack of monetary discipline has become a hallmark of unfettered globalization. Central banks have failed to provide a stable underpinning to world financial markets and to an increasingly asset-dependent global economy.”
-- Stephen S. Roach

Source : Stephen S. Roach (2010). “Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalization”, p.28, John Wiley & Sons

#Discipline Quotes #World Quotes #Financial Quotes

“If, as I suspect, the American consumer now enters a sustained slowdown, there will be unmistakable reverberations on U.S.-centric export flows in many major regions of the world.”
-- Stephen S. Roach

#Flow Quotes #World Quotes #Consumers Quotes

“The pendulum of economic power might well begin to shift from capital back to labor.”
-- Stephen S. Roach

#Might Quotes #Economic Quotes #Pendulums Quotes

“To the extent that hiring in high-wage, developed economies continues to lag, the sustainability of any impetus to private consumption can be drawn into serious question.”
-- Stephen S. Roach

#Wages Quotes #Lag Quotes #Serious Quotes

“For dash and gallantry the bloodthirsty Scots, Australians and Canadians led the way, with the impetuous Irish close behind. The Australian to my mind were the most aggressive, and managed to keep their form in spite of their questionable discipline. Out of the line they were undoubtedly difficult to handle, but once in it they loved a fight. They were a curious mixture of toughness and sentimentality...”

“Only a moral education based on free inner discipline can bring to bear a salutary action and lead to a true morality.”

Source : "Words of a Sage : Selected thoughts of African Spir". Book by Hélène Claparède-Spir, p. 59, 1937.

“I think there's some connection between absolute discipline and absolute freedom.”

“A divided heart loses both worlds.”

Source : A. B. Simpson (1984). “Days of Heaven on Earth: A Daily Devotional to Comfort and Inspire”, Moody Publishers

“As I make my slow pilgrimage through the world, a certain sense of beautiful mystery seems to gather and grow.”

“And how am I to face the odds Of man's bedevilment and God's? I, a stranger and afraid In a world I never made.”

“Who made the world I cannot tell; 'Tis made, and here am I in hell. My hand, though now my knuckles bleed, I never soiled with such a deed.”

Source : A. E. Housman (2013). “Delphi Complete Works of A. E. Housman (Illustrated)”, p.19, Delphi Classics

“In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.”

“The very best financial presentation is one that's well thought out and anticipates any questions... answering them in advance.”

“Developments in financial markets can have broad economic effects felt by many outside the markets.”