This week's letter is from Financial News Online. Located in London, they are one of the leading sources of information about Europe's investment banking, fund management and securities industries. Financial News ran a piece last week that was a series of letters over the summer between two of my all time favourite analysts, Bill Gross of Pimco and Stephen Roach of Morgan Stanley.
Gross and Roach exchanged letters over the summer expressing their outlook on many current economic issues and allow us a glimpse into how they perceive the world today. One of the main concerns in their discussion was the U.S. dollar and they wonder if the "Buck is going to Duck?" I hope you enjoy their bantering as much as I did and it helps you think "Outside the Box."
John Mauldin, Editor
Outside the Box
Putting the World to Rights Again
Bill Gross, chief investment officer at Pimco, and Stephen Roach, chief economist at Morgan Stanley, are two of the deepest thinkers on the state of the global economy. Over the summer they swapped their thoughts on the price of oil, the US current account deficit and the future of China, among other topics, exclusively for Financial News.
From: Roach, Stephen (Equity Research)