A conversation with Henry McVey and Stephen Roach about the Dow Jones Industrial Average

with Stephen Roach and Henry McVey
in Business, Books
on Friday, October 6, 2006 * * * * *

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A discussion with Stephen Roach, a global economist at Morgan Stanley and Henry McVey, a chief investment strategist at Morgan Stanley about the spiking Dow Jones Average, the reaction on Wall Street, and its implications for the economy.

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Keywords:
Iraq Study Group
Stephen Roach
Dow Jones
Henry McVey
Secretary of State
Morgan Stanley
economy

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    1. Don Hill  04/28/2007 02:08 PM Report

      I am surprised someone like Henry Mcvey would state the share market should do well in the current low inflation environment. The Government manipulates the cpi by excluding the very items people use the most. These prices have risen sharply. With housing prices doubling, petrol, insurance, and the irrespossible free printing press churning hundreds of billions of dollars out, the currency has lost purchasing power, causing more money chasing the same assets, goods. I find it differcult that any genuine responsible person in this day and age would trot out such nonsense when China is printing money at over 20%, USA over 10%, and other countries at double digit figures. How is it that these comments are never challenged by interviewers.?