Because Asia is not shot. Japan is still the technological innovator, and Malaysia, by telling people like Roach where to go, has held its own. So this guy was a US equity bear. Nothing original in that. So he is down on Asia--most at the investment banks have been so since 1997. He does not face foursquare what caused the 97-8 crisis in Asia, and he constantly calls for things like banking reform and a cheaper dollar. I would bet this guy said that Korea was out of the woods a year ago because of all the IMF and US friendly things being done there (though I might be wrong). Why go to dirtbags like this to hear the most obviously true things intermixed with investment bank garbage?
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