Daily Archives: May 5, 2008

Roach of Morgan Stanley: recession now and slower recovery ahead

Posted on May 5, 2008 by Danielle Park

Stehen Roach of Morgan Stanley points out that over-spent consumers now will mean a longer recession and a slower recovery this cycle. People will be spending less, but as I have said many times, in the end this shift in … Continue reading →

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Buffett: the US is in recession and "there is going to be more pain."

Posted on May 5, 2008 by Danielle Park

Many different opinions floating around today. For whatever its worth, WB's guess is more trouble ahead: Billionaire Warren Buffett castigated investment bankers, home lenders and regulators for letting the financial system spin out of control and causing a run on … Continue reading →

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