Out Of Time

David Rosenberg, according to zero hedge, put out an “emergency note” today, saying that recession was now a virtual 100% certainty. Of course I agree, but this won’t be another vanilla recession. The difference is that this time there will be a coordinated global downturn, as bubbles burst in the commodity countries and Asia, while the debt-ridden U.S. and E.U. governments will have exhausted their abilities to “stimulate” their economies. This is it, folks. Sauve qui peut.

Both comments and trackbacks are currently closed.
%d bloggers like this: