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ROACH: HIGH PROBABILITY OF DOUBLE DIP RECESSION

24 January 2010 by Cullen Roche 1 Comment

“I think global growth is going to be anemic and I’d put a 40 percent chance on a double dip at some point in the next couple of years,” Stephen Roach, chairman, Asia of Morgan Stanley, told CNBC Friday. Marc Faber, author of the “Gloom, Doom and Boom Report” joined the discussion.

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Comments
  • sean

    So far we are following the Japan model pretty closely. Next up is the push for deficit reduction to match their consumption tax increase after a 50% rally in the Nikkei fron the bubble crash lows, just when they thought they were out of the woods.

    01/24/2010 at 9:33 PM