NEW YORK (MONEY Magazine) - Oil shock. Recession. A market crash to rival Black Monday. That's what Morgan Stanley chief economist Stephen Roach fears could be on the way.

And to think, this guy works for a company in the business of selling stocks. Are things really so bad? MONEY quizzed one of Wall Street's most outspoken bears in late August.

Q. Alan Greenspan says the economy is doing just fine. But you call this a "mythical recovery." What makes you think that you know better than the Fed?

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