A Perennial Bear Turns Sanguine
By Cam Hui. I shudder whenever someone proclaims that we are entering a New Era, or this time it’s different. There are certain things in life that I have come to depend on, such as a bearish Stephen Roach, the chairman of Morgan Stanley Asia and former global strategist. His writing used to be so depressing that you had to read King Lear to cheer up. He was such a perennial bear that I used to joke with my Morgan Stanley sales contact that Morgan Stanley needed to throw a huge party when he turned bullish. Read more » »
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