Chief Economist: Quantitative Easing a Ticking 'Time Bomb': "Asked whether he believed Mr. Obama and Congress can avert going over the fiscal cliff, Mr. Roach said he thinks the federal government will do what it does best and "kick the can down the road" by using "smoke and mirror gimmickry... I think this is all a bit of a publicity stunt to make us look like we're going to the edge and then Washington comes in and rescues us from the brink. But I'm not optimistic that we'll get the grand deal that will really solve our longer term problems and that's disturbs me the most."
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