Steven Roach...beary bearish - Aussie Stock Forums

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  1. #1
    Rotaredom wayneL's Avatar
    Join Date
    Jul 2004

  2. #2

    Default Re: Seven Roach...beary bearish

    err...that was supposed to be STEVEN Roach...or is it Stephan??

  3. #3

    Default Re: Seven Roach...beary bearish

    Lets try STEPHEN

  4. #4
    stefan's Avatar
    Join Date
    Jun 2004

    Default Re: Seven Roach...beary bearish

    Americans, Roach says, are far too dependent on the value of their assets, especially their homes, rather than on income-based savings; they are running a huge current-account deficit
    Replace Americans with Australians and you're spot on... Bad. Really bad but true which makes it even worse. So let's make money out of this market as long as we can.

    "the biggest bubble of all: residential property."
    Ah, how it pleases my soul to read these words.

    "Asia and Europe are increasingly dependent on overly indebted U.S. consumers, while those consumers are increasingly dependent on Asia's interest-rate subsidy. The longer these imbalances persist, the greater the likelihood of a sharp adjustment. A safer world? Not on your life."
    We talked about this months ago here. Maybe these guys should have contacted us prior to their report. We could have saved them some time

    Very interesting article, Wayne.

    Have a nice weekend

    Last edited by stefan; 8th-January-2005 at 10:00 AM.

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