Rosenberg: U.S. economy in “modern-day depression”

 EmailPrint This Post Print This Post

“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.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

OverSeas Radio Network

1 comment to Rosenberg: U.S. economy in “modern-day depression”

  • Mr. Rosenberg has been a consistent bear through the whole market recovery from March through the end of 2009. I have to confess, I thought he was heading into “broken clock” territory this year. But, as I saw on this website earlier this year, he was right when debating Grant on US Treasuries (4% -> 3%) and his comment about why NBER has not declared the recession has come up a number of times in recent conversations. I hope he is wrong and will be looking for signs that he is but his arguments have to be taken seriously.

Leave a Reply

  

  

  

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Top 100 Financial Blogs

Recent Posts

Charts & Indexes

Gold Price (US$)

Don Coxe’s Weekly Webcast

Podcast – Dow Jones


One minute - every hour - weekdays
(requires Windows Media Player)
newsflashr network
National Debt Clock

Calendar of Posts

August 2010
MTWTFSS
« Jul Sep »
 1
2345678
9101112131415
16171819202122
23242526272829
3031 

Feed the Bull