David Roche is the President and Global Strategist at Independent Strategy which he founded in 1994, after having been Head of Research and Global Strategist at Morgan Stanley.
He is a sought after expert within the field of macroeconomics due to his original and provocative ideas. He was the first to move away from strategy as parochial country allocation and to focus on investment themes, based on fundamental long-term analysis, backed up by strongly held convictions.
This has resulted in David predicting some of the major ‘turning points’ in global investments such as the demise of the Soviet Bloc and the subsequent fall of the Berlin Wall, the sharp monetary tightening which heralded the financial reversal in world bond markets in 1994 and one of the few who predicted the Asian crisis in 1997.
Most recently David foresaw the Great Financial Crisis of 2008, which is discussed at great length in his book New Monetarism. David’s most recent work is centered around his book Demo Crisis, which delved into how the current crisis and its aftermath are rooted in the flawed structures of western democracies as well as the failure of most emerging markets to create the sort of societies and political systems that would allow them to escape the middle-income trap.