“We are likely enduring a depression today”

Summary:  As a follow-up to yesterday’s post (A situation report about the global economy, as the flames break thru the firewalls), we have the words of a leading economist — one whose forecasts have been among the best during the past few years. An excerpt from “Some Inconvenient Truths” by David Rosenberg, 26 January 2009 (no …

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