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01-28-2009, 02:37 PM #1
AirborneSapper7

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Roach: This Recession Will Be Ruthless

Roach: This Recession Will Be Ruthless

Wednesday, January 28, 2009 9:38 AM

By: Dan Weil

Stephen Roach, chairman of Morgan Stanley Asia, says the current globalized recession will be worse than even he foresaw last year.

â€œWeâ€™ve got a simultaneous recession in the U.S., Europe, and Japan,â€
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