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This has been a phenomenal year for the economy. There have been major, fundamental changes that will affect our lives for many years to come. I don’t see these changes as a good thing for the short or long term. These changes are generational in that they don’t occur often and they will radically impact [...] By Jeff Harding Here is David Rosenberg, chief economist and strategist for Gluskin Sheff on bank liquidity. Rosenberg was formerly the chief economist for Merrill Lynch. He called the Crash and is a perceptive guy. I am reprinting this to show you that I am not the only one talking about deflation. This is an [...] By Jeff Harding I have been saying that there are no “Green Shoots” of recovery-yet. You can review my previous articles demonstrating that the concept of green shoots is wishful thinking, here, here, and here. Please don’t think of me as a Cassandra bringing only bad news; I try to see things [...] By Jeff Harding Mr. Sunshine I received a report from Brian Wesbury at First Trust in Chicago who declared that the recession is over. I also received reports from Nouriel Roubini of RGE, the famed “Dr. Doom,” but who now calls himself “Dr. Realist,” who says it isn’t over, and from the National Association [...] By Jeff Harding President Barack Obama said on Tuesday that aggressive efforts to boost the US economy were beginning to bear fruit, even though the recession would cause more pain this year. Also on Tuesday, Federal Reserve Chairman Ben Bernanke provided some hope that recession may be losing its momentum, when he said he is [...] |
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