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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (62023)5/26/2006 2:48:19 AM
From: Mike Johnston   of 110194
 
I think Roach has lost all credibility.
After being bearish for many years, worrying about trade deficits, imbalances and imminent collapse of the US consumer, he capitulated and turned bullish two weeks ago, the very period that those imbalances reach a breaking point.

Not only that, in his last missive he completely loses it by claiming and giving credit to Central Banks, including the Fed for winning the war on inflation.
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