"....ROACH: Japanese-like outcomes in the developed world, from Japan in its third lost decade to stagnation in the U.S. to recession in Europe. And I say Japanese-like because these are not temporary slowdowns. They are going to be lasting because of the damage done during these massive credit, property — and in the case of Europe — currency and interest rate bubbles for Southern European economies..."
at http://www.businessinsider.com/steve-roach-recovery-oh-please-were-completely-screwed-2012-1#ixzz1ksTiOVDj
at http://www.businessinsider.com/steve-roach-recovery-oh-please-were-completely-screwed-2012-1#ixzz1ksTiOVDj
