Roach: "weak, anaemic, fragile, potential vulnerable to a double dip”

Advertisement

This is how Stephen Roach describes the economy despite the largest monetary and stimulus in global history. Below is a TV interview Roach recently did on CNBC TV-18 as a video in two parts with the linked transcript at the bottom.  Roach says that historical precedent demonstrates recessions precipitated by large private sector debt burdens end in weak and halting growth. This recession is no different.

Implicitly, his view is bearish for equities in 2010. He believes most G-7 markets are priced for a V-shaped recovery that is not going to happen and that this fact will become evident later this year.  Roach also opines on the U.S., China, India and commodities.

 

Related Posts
1 of 1,545

Subscribe to our newsletter

Source

Be cautious, eco vulnerable to double dip: Morgan Stanley – Money Control

Get real time updates directly on you device, subscribe now.

Do NOT follow this link or you will be banned from the site!