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Damnsammit · 06-19-09, 03:04 PM

http://money.cnn.com/2009/06/19/mark...buzz/index.htm

"With all due respect to Mr. Market, it is highly fallible as a forward looking barometer," said David Rosenberg, chief economist & strategist at Gluskin Sheff + Associates, a Toronto-based wealth management firm.

"We're still in a recession. Are we past the worst point of it? 100% yes. But is the downturn over? It's far too premature to make that assessment," he said.

Seems like most people are saying that the worst part is over, but you don't agree with that. I have read your points and it either looks like they aren't as big as you make them sound or every other economist is either overlooking that or just flat out lying about their views on the recession.

Why would they do that? To calm the fear and encourage spending? Or do they have put options on companies that they expect to fail?

06-19-09, 03:04 PM	#1 (permalink)
Damnsammit Suicide Survivor Join Date: Mar 2007 Location: work Posts: 9,003	CNN says DA is wrong! http://money.cnn.com/2009/06/19/mark...buzz/index.htm "With all due respect to Mr. Market, it is highly fallible as a forward looking barometer," said David Rosenberg, chief economist & strategist at Gluskin Sheff + Associates, a Toronto-based wealth management firm. "We're still in a recession. Are we past the worst point of it? 100% yes. But is the downturn over? It's far too premature to make that assessment," he said. Seems like most people are saying that the worst part is over, but you don't agree with that. I have read your points and it either looks like they aren't as big as you make them sound or every other economist is either overlooking that or just flat out lying about their views on the recession. Why would they do that? To calm the fear and encourage spending? Or do they have put options on companies that they expect to fail? __________________ You are an idiot.