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Economist Stephen Roach Says The US Is Facing A Dollar Collapse

Video Credit: Wochit Business - Duration: 00:36s - Published
Economist Stephen Roach Says The US Is Facing A Dollar Collapse

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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