This week we look at David Rosenberg's latest missive. While listing a number of negative data points, the thing to watch for is all the deflationary news. I have been pounding the table for YEARS that deflation is going to be the problem, and there would be massive stimulus from the Fed to fight it. We are now coming to that inflection point. Rosenberg is one of my favorite main stream economists and the North American Economist for Merrill Lynch. I would say enjoy this week's Outside the Box, but it is not enjoyable reading, but you should read it anyway....
Filed under: Housing, Deflation, Japan, Consumer Spending, Consumer Price Index, Global Economy, Gold, Depression, Merrill Lynch, Germany, Barack Obama, David Rosenberg, Commercial Real Estate, Employment