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Top market strategist: We're in a depression, not a recession
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Monday, November 30, 2009
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From Newsmax:

Economist David Rosenberg isn’t worried about when the recession will end: He’s worried about when the depression will end.

That’s right, the “d” word, which nearly all economists have declined to attach to the current global malaise.

“We’re in a form of depression," Rosenberg, chief economist and strategist at Gluskin Sheff + Associates Inc., a Toronto-based wealth management firm, told CNBC.

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More on the sorry state of the U.S.:

The bankruptcy of the United States is now certain

Socialist U.S. leadership destroying dollar... gold reaches record high

Ron Paul: The Fed will self-destruct when it destroys the dollar

Topics: Guru | Economy | Boondoggle
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