“The West, especially the Anglo-Saxon economies, went on a drunken binge of excess consumption, leveraged up the eyeballs with totally inadequate savings,” Roach said. “It was reckless, irresponsible and it’s over,” he added.
Wednesday, September 16, 2009
One Year Post Lehman: "A Drunken Binge of Excess...is Over"
See the CNBC interview here.
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