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Roach: “I’ve been a pessimist for three years and it’s depressing” |
Who says economists are dull? Three of Wall Street’s finest, and most bearish, took part in an early-morning debate about the impact of the Iraq war on the US economy at the Council for Foreign Relations in New York last month. At times it was like stand-up comedy, with Morgan Stanley chief economist Stephen Roach as the main act.
Asked about the possibility of deflation, he replied: “Well, I was the first jerk to mention the D-word 14 months ago.
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