Here's a great video that I came across today on The Big Picture blog by Barry Ritholtz.
It's an interview with Stephen Roach, a widely followed executive with Morgan Stanley.
Something of a perennial bear, Roach blows away the idea of green shoots among other bullish things. It's a great look at current misgivings of the global economy and why any recovery promises to be anemic at best.
Roll the tape....
Not much to argue with there. Great stuff, Mr. Roach.
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Big Pharma's Survival Strategy
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