Economist Stephen Roach Says The US Is Facing A Dollar Collapse

Video Credit: Wochit Business
Published on September 24, 2020 - Duration: 00:36s

Economist Stephen Roach Says The US Is Facing A Dollar Collapse

Economist Stephen Roach said on CNBC that the US dollar will collapse by the end of 2021.

Roach also said the economy can expect to face a more than 50% chance of a double-dip recession.

He explained that, historically, the US has seen economic output rise briefly and fall back lower in 8 of the past 11 business cycle recoveries.

Grim data from the second-quarter this year cannot be dismissed.

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Historically, the US has seen economic output rise briefly and fall back lower in 8 of the past 11 business cycle recoveries, Roach said.
on September 24, 2020 • Business Insider

Yale University senior fellow and economist Stephen Roach warns next year will be brutal for the dollar and the economy.
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