Tuesday, November 23, 2004
Euros, Yen and Yaun...Oh My!
Economic `Armageddon' predicted
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.''
http://business.bostonherald.com/businessNews/view.bg?articleid=55356
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.''
http://business.bostonherald.com/businessNews/view.bg?articleid=55356
