The New York Stock Exchange is reflected in a puddle. With the stock market clawing its way back from the sharp correction earlier this month, the mindless mantra of the great bull market has returned. Photo: Bloomberg

The US economy is far from sound, no matter what the hype

Stephen Roach says the recent stock market correction is no fleeting aberration. With its ultra-low saving rate, unrestrained spending and misguided policies, America is living off its future prosperity

Topic |   United States

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The New York Stock Exchange is reflected in a puddle. With the stock market clawing its way back from the sharp correction earlier this month, the mindless mantra of the great bull market has returned. Photo: Bloomberg
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