Stephen S. Roach
Stephen Roach is chairman of Morgan Stanley Asia. He formerly served as Morgan Stanley’s chief economist and has been with the firm since 1982.
26 February 2009
The world stopped in 2008—and it was a full stop for the era of excess. Belatedly, the authorities have been extraordinarily aggressive in coming to the rescue of a system in crisis. But as in the case of Humpty Dumpty, they will not be able to put all the pieces back together again. The next era will be very different from the one we have just left behind.
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