Stephen Roach, the chief economist at investment banking giant Morgan Stanley, has a public reputation for being bearish.Discuss.
But you should hear what he's saying in private.
Roach met select groups of fund managers downtown last week, including a group at Fidelity.
His prediction: America has no better than a 10 percent chance of avoiding economic ``armageddon.''
Wednesday, November 24, 2004
Economic `Armageddon' predicted: