Wikinvest Wire

Stephen Roach on the economic recovery

Monday, August 24, 2009

Morgan Stanley's Asia chief and long-time bear Stephen Roach actually sounds optimistic about the prospects for a global economic recovery (relatively speaking, that is).

"When markets go up, investors want to then concoct a theory that explains how the rally in the markets is being supported by the underlying economy. So, the 'green shoots' theory is just that - it's sort of a fiction that's been woven around a liquidity driven market. If you want to call those green shoots, blue shoots, or yellow shoots - pick your color."


News said...

Another liquidity bubble that's going to burst.

Is anyone else seeing real economic improvements in their businesses? Not yet here.

Jones said...

Not here either.

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