>
>> the most sensible establishment analyst, Stephen Roach
>
>> as for the global economy he is reliably permabearish
>
> So "sensible" = "permabearish"? I'm reminded of my late friend John
> Liscio's nickname for him from almost 15 years ago - "Stephen Roach
> 'Motel - the data check in but they don't check out.'" A cheap joke,
> yeah, but I don't see how a permabear could explain the rise of
> capitalism over the last, oh, eight centuries.
>
> Doug
"eight centuries"?... as Zhou Enlai said in another context, it's too soon to tell...
john