Eugene Coyle wrote:
I heard a Stephen Roach while driving tonight. I think it was a BBC show.
He's had a change of view about prospects for the world's economy. For
several years he has been a contrarian on Wall Street -- contrary to
Doug Henwood, one might say.
Well, I've been right and he's been wrong, no? But I also think
there's a chance of some rough sailing ahead.
A very confused and confusing analysis. I took it to be a sign of a
sharp recession soon ahead for the world -- when the last prominent bear
finally switches and becomes bullish, look out.
You're hardly the only person to make this observation, so it means
there are still more than a few bears left.
Doug
