Tuesday 22 June 2010

Moneynews

Breaking News from Moneynews.com

Roach: Global Stimulus Sets Stage for Next Crisis


Morgan Stanley Asia Chairman Steve Roach told Bloomberg that policy makers are making a mistake by keeping monetary and fiscal policy in stimulus positions for too long, injecting a lot of excess liquidity into markets and economies. “It ends up setting the stage for the next crisis,” he said. 


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