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Global outlook: big spenders and penny-pinchers

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In the US, extravagance is a normal way of life. In China, it is a sin. Such contrasting consumer psyche between the two economies needs to be evened out before a sustained recovery of the post-bubble global economy can be achieved in the longer run, says Stephen Roach, chairman of Morgan Stanley Asia.

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en

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text/html

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http://knowledge.insead.edu/StephenRoachglobaloutlook090116.cfm

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