David Rosenberg: The Great Recession Never Ended

[cieldumort]

David Rosenberg, one of the first and few economists to foresee and call the start of the Great Recession, is now more convinced than ever that the Great Recession never ended - just merely temporarily propped up with a sugar high of worldwide government and central bank intervention that was timed to work with the (now waning) inventory correction

Comments

[nebris]

The post I just made shows the truth of this in stark numbers. And I'm still calling 'L' for the next decade or two.

~M~

[cieldumort]

bloody l, nebs

[floundah]

I think I was one of many who felt we've been in a recession all along. My mood isn't help by the fact that I unfairly lost my job (and you know why from reading my journal).

[cieldumort]

yea (((HUGS)))

[floundah]

Thanks for the hugs!

[venuspluto]

My understanding is that the higher up you go on the economic ladder, the more rank unfairness you see in the workplace.

[kayjayuu]

Truth, finally.

Wonder whose fault it is this time?

[cieldumort]

It's happening on Obama's watch - two years into his administration. However, let's not forget how amazingly stubborn the GOP has been in blocking additional stimulus, while constantly talking down the economy, and spreading outright lies about the administration's tax policies, etc. - dampening consumer sentiment.

[floundah]

Exactly. Even without all the shit Obama is getting, it's going to take a very long time to clean up this mess. Americans are so unrealistic in their expectations, always assuming there will be a quick fix.