ROACH MOTEL: Stephen Roach Slings Bearshit Only as He Can

____________________

The weakness of the American consumer is having repercussions in China, which may stop buying more U.S. Treasurys as it focuses on internal consumption rather than exports, Stephen Roach, the non-executive chairman of Morgan Stanley Asia, told CNBC Wednesday.

That could result in “higher interest rates and/or a weaker dollar, and we’re not going to be able to fund ourselves on the terms we have been funding ourselves externally,” he said.

FULL STORY HERE