Can the US and China avoid accidental conflict?
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
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| Issues | 192 | Founded | 2 years ago | Last Issue | 5 days ago |
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stephenroach.substack.comLatest Issues
The Trump-Xi Summit Charade
By now, it is an all too familiar drill. The White House is hyping the upcoming September 24 between Donald Trump and Xi Jinping. An historic meeting with my great friend, Trump is wont to say. He has even announced a glitzy State dinner to...
Warsh On Point
Jackson Hole has a way of bringing special messages on monetary policy to the broader financial community. In his maiden voyage at this annual symposium as Fed Chair, Kevin Warsh didn’t disappoint.
Amid all the extraneous noises of geopoli...
Don’t Mess With Markets
US Treasury Secretary Scott Bessent believes he knows better than markets. His intervention in currency and bond markets is premised on the argument that they are not providing an a “fair” signal of economic fundamentals. But they are, and...
Intervention Won’t Work
Intervening in huge financial markets is a fool’s game. Those who try are usually incapable of learning that tough lesson. So it is with Scott Bessent, America’s 79th Secretary of the Treasury as he takes aim on currency and bond markets....
The Strength of Zhu Rongji
I knew him as a Premier, a central banker, a university Dean, and of course as one of China’s great reformers. I also knew him as a friend … sort of. But what I knew most about Zhu Rongji was the strength of his character — analytics mixed...
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Authors
The writers behind this newsletter.
Yale faculty, former Chief Economist and Asia Chair Morgan Stanley, author most recently of "Accidental Conflict: America, China, and the Clash of False Narratives". Follow me on Substack and Bluesky https://bsky.app/profile/ssruschina.bsky.social
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