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ROACH: THERE IS A 40% CHANCE OF A DOUBLE DIP

Stephen Roach, head of Morgan Stanley Asia, discusses the state of the consumer and the real unemployment rate at 11.5%.  He discusses many of the items we highlighted in our headline article this morning.  Roach is still very concerned about a double dip recession led by consumers and caused by an end to the government stimulus.

Source: CNBC

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