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Among giants, try and be a dwarf; among dwarfs, try and be a giant; but among equals, try and be an equal

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Stephen S. Roach

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.

Economies, Hiring, Lag, Serious, Wages
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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.

Consumers, Flow, Suspect, Sustained, World

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.

Discipline, Financial, Increasingly, Monetary, Provide, World

The pendulum of economic power might well begin to shift from capital back to labor.

Capital, Economic, Might, Pendulums, Shift
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