Thursday, July 23, 2009

Morgan Stanley's Stephen Roach: Market's Faces Rude Awakening

Morgan Stanley's Stephen Roach, in a CNBC interview says that markets could be faced with a "rude awakening"

Some excerpts from the interview:
-Visible manifestation of all the excess liquidity that monetary authorities have poured into the system

-Markets are priced for a recovery that’s gonna end up disappointing earnings

-Financial Crisis isn’t over

-75% of global economy still contracting

-Markets are in for a rude awakening

-Green shoots...simplistic way to look at the world

-we are going to have an anemic recovery




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