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Morgan Stanley: Steve Roach on housing

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Morgan Stanley: Steve Roach on housing
Topic: Business 5:42 pm EDT, Jun 27, 2005

Don’t kid yourself. America’s property bubble didn’t just appear out of thin air. It is traceable directly to the equity bubble of the Roaring 1990s -- and to a central bank that remains steeped in denial. The real lesson of Japan is that there may well be no easy way out.

Morgan Stanley: Steve Roach on housing



 
 
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