A big dollar crash is virtually inevitable, Asia expert Stephen Roach warns
Money printing has consequences. Roach however, needs to explain why this will happen since other major currencies are also being printed wildly.
“The U.S. economy has been afflicted with some significant macro imbalances for a long time, namely a very low domestic savings rate and a chronic current account deficit,” the former Morgan Stanley Asia chairman told CNBC’s “Trading Nation” on Monday. “The dollar is going to fall very, very sharply.”
His forecast calls for a 35% drop against other major currencies.