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

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.

Source

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

About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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