[lbo-talk] the private Roach: really scared

Doug Henwood dhenwood at panix.com
Tue Nov 23 09:58:01 PST 2004


C. G. Estabrook wrote:


>Doug, weren't you once responsible for passing along (or perhaps being the
>author of) the quip about the economic Roach motel -- the data check in,
>but they don't check out...?

Yeah, that was from my late friend John Liscio. He wrote that in his Barron's column around 1990 and got lots of angry phone calls & letters.

In 1993 or 1994, John wanted to do an Xmas card featuring a bunch of Wall Street economists - all the ones who'd missed the gathering vigor of the recovery, remaining bearish in a very bond-friendly way - buried except for their naked asses sticking out of the ground. He couldn't decide whether to use the exposed parts as bicycle parking slots or umbrella stands.

Doug



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