Roach's last report as chief economist

Morgan Stanley's outgoing chief economist, Stephen Roach, sums up his 25-year journey by offering three macro milestones which he says stood out over the period.

It's a pity to see Stephen Roach leave his role as chief economist at Morgan Stanley. Many journalists enjoyed verbally sparring with him when he came to their city. The saving grace for Hong Kong reporters he's in town for good now, as he takes up the role as Morgan Stanley's Asia chairman.

I've certainly argued with Roach in the past, and published snippets of his long quotes in stories, so in fairness to him, here's his final report --...

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