In an interview with WSJ’s Kelly Evans, Gluskin Sheff’s Chief Economist David Rosenberg warned that the chances of a double-dip recession are greater than 50-50 and that the recession may not have ended last year at all. He also called for the cutting of corporate taxes to spur job growth.
This is a DEMAND recession. Corporate coffers are full – they already have plenty of cash and they’re still not creating jobs. Cutting corporate taxes will do very little to create more jobs. It would boost stock prices. Perhaps that’s what the author is aiming for – to increase the value of his portfolio. Isn’t that what got us into this mess in the first place?
Kelly is a hopeless interviewer here. She needs re-schooling or another job. She is trying to be liek the worst of the CNBC ayatollahs. She interrupts him with banal, worn out questions at every critical point when he is about to develop his argument.
See here for a far better interview:
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By Prieur du Plessis, on August 16th, 2010 posted in: Economy, Investment 
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This is a DEMAND recession. Corporate coffers are full – they already have plenty of cash and they’re still not creating jobs. Cutting corporate taxes will do very little to create more jobs. It would boost stock prices. Perhaps that’s what the author is aiming for – to increase the value of his portfolio. Isn’t that what got us into this mess in the first place?
Kelly is a hopeless interviewer here. She needs re-schooling or another job. She is trying to be liek the worst of the CNBC ayatollahs. She interrupts him with banal, worn out questions at every critical point when he is about to develop his argument.
See here for a far better interview:
http://www.wealthtrack.com/
NB. The video interviewing David Rosenberg on wealthtrack is only available free until the end of the week.
I never understood this whole double-dip recession mantra. I mean are we even out of the first recession?
20% to 25% unemployment, $14 trillion debt, a worthless dollar and a GDP high due to government spending. Yeesh!
Get out of the U.S. dollar, economy and even country!