Rosenberg: U.S. economy in “modern-day depression”
“The economy is in the process of slowing down,” said David Rosenberg, chief economist and strategist of Gluskin Sheff & Associates, via Yahoo Finance – Tech Ticker. “Whether or not we have a ‘double-dip’, it’s going to be some pretty tough slogging as far as the overall economic backdrop.”
Although saying a technical double-dip is not certain, Rosenberg makes a strong case that the economy is in a “modern day depression”.
Source: Yahoo Finance – Tech Ticker, July 29, 2010.
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