Posted on 08/21/2010 4:50:43 PM PDT by The Magical Mischief Tour
I have long believed that the rally in stocks was largely based on a mean reverting move that was based almost entirely on government intervention and stimulus (see here & here). But few people have remained more steadfast in their bearishness than David Rosenberg. And unfortunately for the market David Rosenberg has been redeemed. His macro outlook is becoming confirmed with every day deflation, stimulus based recovery, continuing recession. If his outlook continues to be right then Mr. Rosenberg believes we could see a negative GDP print THIS quarter. And if hes right that means analysts are far too optimistic about the upcoming quarter:
(Excerpt) Read more at businessinsider.com ...
Thank you Obama and the dimoKKKRATS. I hope you clowns get creamed this November.
..and just think. There will be plenty of stupid yellow dog Democrats standing in line just waiting to vote for these idiots again.
Makes me sick. The only enjoyment I’m getting out of these times is knowing that a lot of the idiots that voted for this are suffering too. Serves them right.
Today outside a local Wal-Mart an African American family was standing with a sign asking for help because they were being evicted from their house.
Of course making an assumption here, but statistically speaking they probably voted for obama. If so, I was wondering what they thought about “hope and change” now.
This is GREAT news. Since the “Bush Recession” ended - per the Government stats - last year, and we’ve had positive GDP growth, then any negative GDP from here on out means it’s OFFICIALLY the Obama Recession. No more dodging it!
Still yet, hearing something like that, makes me feel guilty to gloat.
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