David Roche

Recent stories by David Roche

• Against the Tide: It’s a suckers’ rally

  Only suckers believe that the remedies applied to the credit crisis have cured the underlying sickness. There’s more painful adjustment to come, and it could last two to five years.

  Euromoney May 2008

• Against the Tide: It’s not even half-time for the credit crisis

  More assets are yet to be hit in the credit crisis and, as leverage continues to fall out of play, liquidity will keep on drying up. Equity prices are bound to fall still further too.

  Euromoney April 2008

• Against the tide: There’s more crunch to come

  The effects of the sub-prime crisis are spreading and could cost 2.5% of world GDP. Emerging market economies will not be immune.

  Euromoney March 2008

• From credit crunch to global recession

  The bad news: in 2008 a global recession is bound to set in. The scant good news: the oil price will fall back and the development of environment-friendly technology will fuel investment.

  Euromoney February 2008

• Against the tide: Emerging Europe set for credit crunch contagion

  Eastern Europe has borrowed cheaply this decade to fund a credit binge. Now, as the global credit crisis starts to bite, the region’s economies are becoming increasingly vulnerable.

  Euromoney January 2008

• Against the tide: From villains to saviours: the big bank scam

  The big banks’ Mlec fund might well unblock the present credit log jam. But there’s no escaping the fact that global liquidity has contracted and capital is being repriced upwards.

  Euromoney December 2007