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Strategies for a discontinuous future.












Tuesday, November 23, 2004
 


The First World is the New Third World

"...Stephen Roach, the chief economist at investment banking giant Morgan Stanley, has a public reputation for being bearish.

But you should hear what he's saying in private.

Roach met select groups of fund managers downtown last week, including a group at Fidelity.

His prediction: America has no better than a 10 percent chance of avoiding economic ``armageddon.'"

Link. No comment (Via Atrios).

-- umair // 4:31 PM //


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