by Zahra Tayeb
Stocks have rallied this year despite economic risks because "people are stupid" and too complacent, David Roche said.
The veteran investor highlighted key economic threats to global equities including high interest rates and China's slowdown.
"I think the downside in markets is very big, still, at these levels and they're not priced for it," he said.
Beijing does not have "the amount of young people which would justify a renewal of the housing cycle. They can't get that engine motor of growth going again.
Source: Business Insider
https://finance.yahoo.com/news/global-s ... 49613.html
