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David Rosenberg: 'Deflationary Pressures' Building. This is a 'Depression'.

Posted by Mark Motive on August 25, 2010 Economics, Inflation, Video Add comments
Aug 252010

He’s predicting 4-5 million more lost jobs, in what is an ongoing contraction far beyond the garden variety inventory recessions of the post-war era. I don’t know what your definition of a ‘depression‘ is, but this is definitely not playing by the same rule book as previous recessions.

QE2 here we come. However, despite being aggressive Bernanke won’t be early to the party.

Watch the Bloomberg Video

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