Daily Archives: May 5, 2008

Roach of Morgan Stanley: recession now and slower recovery ahead

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."

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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