Stephen Roach Sees Classic 'Frothy Environment' In Markets And The Fed's Role In Causing It

Yale School of Management Senior Lecturer Stephen Roach discusses asset bubbles and the role the Federal Reserve played in their creation. He speaks on "Bloomberg Surveillance."

Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced: The Codependency of America and China and Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalization.