Dec. 19 (Bloomberg) -- Stephen Roach, chairman of Morgan Stanley Asia Ltd., talks with Bloomberg's Carol Massar and Ellen Braitman about the outlook for the global economy and financial markets.

Roach also discusses the U.S. automaker crisis and similarities between the current U.S. recession and Japan's economic woes in the 1990s. (Source: Bloomberg)

00:00 "Early stages" of global recession, China
02:15 Auto bailout; dynamics of bubbles; Fed policy
06:11 U.S. vs. Japan; consumption, recovery outlook

Running time 08:37

Last Updated: December 19, 2008 08:51 EST