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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