No dramatic photos, but the statistics are dramatic ...
Typical of a post-bubble credit collapse, I see the range of outcomes in the financial markets and the economy to be extremely wide. But one conclusion I think we can agree on in this light is the need to maintain defensive strategies and minimize volatility and downside risks as well as to focus on where the secular fundamentals are positive such as in fixed-income and in equity sectors that lever off the commodity sector, under the proviso that the “experts” are correct on this particular forecast — that China and India remain the global growth leaders. - David Rosenberg
Obama: More Debt Could Push U.S. Into Double-Dip Recession | Biden: "Socialism For The Rich And Capitalism For The Poor" | Holder: Prosecute FraudSubmitted by George Washington on 11/18/2009 13:36 -0400
They're TALKING a good game, but talk is cheap...
This is a reposting of part on of an article I published on my blog in October of 2007, over two years ago. Enjoy!
Anyone advocating for war to help our economy is mistaken.
Zero Hedge, in collaboration with David Rosenberg, Chief Economist & Strategist, Gluskin Sheff + Associates, Inc., is pleased to release the attached analysis "The End Of The End Of The Recession"
And I thought the Sanford letters were going to be the funniest thing posted here this afternoon. Oops...
The San Fran Fed continues to voice a dissenting tone from the Ben Bernanke Inflation Party Line. Authors Weidner and Williams try to reconcile the lack of major deflationary pressure borne by significant unemployment. Their conclusion: the output gap is the likely variable, and could potentially be less then estimated by the CBO.
Or so the government says... even with minimal background knowledge, it's not too much of a reach to call BS.