Could America’s subprime slime spell big trouble for foreign economies? Find out what to expect from Stephen Roach, Chairman Of Morgan Stanley Asia.
Following is a synopsis of the main points made during the conversation between Roach and the "Fast Money" traders.
Do you believe in de-coupling?
There’s no region that has benefited more from the global boom of the last 5 to 6 years than developing Asia, replies Roach, through trade linkages, capital flows, and information flows. Now you don’t eliminate those linkages just because you move to the downside of the cycle. These are export dependent economies and as the global economy slows they’re going to feel it.