For the past couple of years I have been saying that America would have to rebound first and firm up some demand before the world economy can climb out of this downturn. More bullish commentators have assured that Asia could rebound without the West.
Stephen Roach of Morgan Stanley explained (again) on CNBC yesterday, why hopes for the East to rebound before the West are unfounded in reality.
Cory’s Chart Corner
“An explosive critique about the investment industry: provocative and well worth reading.”
“Juggling Dynamite, #1 pick for best new books about money and markets.”
“Park manages to not only explain finances well for the average person, she also manages to entertain and educate, while cutting through the clutter of information she knows every investor faces.”