Rosenberg: Here Are 13 Signs That We’re Actually In A Depression Right Now

Tuesday, September 7, 2010
By Paul Martin

Gregory White
BusinessInsider.com
Sep. 7, 2010

David Rosenberg has outlined, in his latest letter, the 13 reasons with this so-called recovery is actually a depression.

Rosenberg sums it up like this:

This is what a depression is all about — an economy that 33 months after a recession begins, with zero policy rates, a stuffed central bank sheet, and a 10% deficit-to-GDP ratio, is still in need of government help for its sustenance.

Each one of these 13 reasons is more damning and highlights the true state of the economy: caught in a liquidity trap with little way out.

The rest…HERE

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