A heretical take on the US economy

Solus Chairman David Rough believes the US consumer is over-leveraged and sees US bankruptcy laws as destroyers of good capitalism

For those who believe in Alan Greenspan, the US economy and the US consumer to pull the world through into better times, David Rough's views are at best heretical. Rough, one time group director (investments) at Legal & General, and now non-executive chairman of Solus Funds, sees plenty wrong with what is happening on the other side of the pond. He compares Greenspan's policy towards the economy to a man giving whiskey to a drunk and believes the US consumer is over-leveraged. Moreover, he sees the US bankruptcy laws as destroyers of good capitalism and protectors of bad corp...