Catching up with Stephen Roach, previously with Morgan Stanley now at Yale, on the current state of the global economy. Niall Ferguson discusses Siegmund Warburg's view of the UK and Europe.

Fears about the coming impact of massive debt rollover on the cost of capital. How to get people to change.

Stephen Roach speaks.

Morgan Stanley’s Stephen Roach tells WSJ’s Kelly Evans the fragile US recovery could be undone and Federal Reserve Chairman Ben Bernanke’s policies too closely mirror Alan Greenspan’s. He also insists Asian economies aren’t ready to take the baton from the West. http://www.ritholtz.com/blog/2010/07/the-big-interview-morgan-stanleys-stephen-roach/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29

Niall Ferguson speaks.

Niall Ferguson discusses his new book High Finance: The Life and Times of Siegmund Warburg. http://www.telegraph.co.uk/finance/financevideo/7862127/Niall-Ferguson-Warburgs-European-foresight.html

Financial markets are bracing for huge wave of refinancing.

A massive wave of borrowing will start cresting this year when the U.S. and European governments sell an estimated $4 trillion in new bonds. http://www.washingtonpost.com/wp-dyn/content/article/2010/07/14/AR2010071402548.html?wpisrc=nl_most

Great article on which incentives really do get people to change behavior.

IT seems that every week a new book or major newspaper article appears showing that irrational decision-making helped cause the housing bubble or the rise in health care costs. http://www.nytimes.com/2010/07/15/opinion/15loewenstein.html?_r=2&ref=todayspaper