David Roche tells it like it is. The so called "recovery", for the most part, is a manufactured recovery centered on money pumped into investmnet banks and money center banks. So forget about economic recovery that has been described as L-shaped, W-shaped, or even shaped like an upside down square root.
Roche, global strategist at Independent Strategy,
nailed it today on CNBC's "Squawk Box Asia".
You want to know my shape? My shape is a toilet shape. Because I think that's where 14 percent of GDP in terms of spending and central bank help will disappear.
The "recovery" also shares the aroma of a toilet as well.
ReplyDelete