Wednesday, July 25, 2012

Stephen Roach: Expect QE3 Next Week

Stephen Roach, the Yale professor and long time bear who worked with Morgan Stanley in years past out of Asia, spoke with Bloomberg on the economy and the Fed's next move.

He sees discouraging economic data everywhere and the Fed announcing additional stimulus next week. He feels that the market has priced in easing, and the Fed "will not disappoint."

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