raghu wrote:
Confusing indeed. What facts exactly have changed? In his opinion, the statements from the G8 and the IMF were highly significant. I don't buy it. Maybe someone at Morgan Stanley told him to tone it down a notch?
In the early 1990s, Roach was similarly bearish for way too long. I'm told that he got up to speak at an internal MS gathering and people laughed at him. Doug
