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.

Post a comment or leave a trackback: Trackback URL.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: