Ever Wondered How You Know You Are In A Depression? David Rosenberg Explains
by Tyler Durden
As usual, some terrific points from the man who was far too smart for Merrill Lynch. We are also glad that Rosie caught our observation over the weekend that securitized loans have plummeted by trillions recently: easily the single biggest argument for QE2.
From Breakfast with David:
YOU KNOW YOU ARE IN A DEPRESSION WHEN …
Congress moved to extend jobless benefits seven times, as has been the case over the past two years, at a time when almost half of the ranks of the unemployed have been looking for at least a half year.