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The End of the End of the Recession

The End of the End of the Recession



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Published by zerohedge

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Published by: zerohedge on Jul 27, 2009
Copyright:Attribution Non-commercial


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The End Of The End Of The Recession?
By Tyler DurdenWith Special Thanks To David Rosenberg, Chief Economist and Strategist,GluskinSheff 
Associates, Inc.
1. Introduction
2. The U.S. Consumer
3. Business Outlook And Conditions
4. Industry & Manufacturing.
6. The “Revenueless” Recovery
7. The State/Muni Budget Collapse
8. Household Taxation
9. U.S. Bond Market.
11. Conclusion
Zero Hedge is pleased to provide its perspectives on the highly pertinent topicof the ongoing recession David Rosenberg, Chief Economist & Strategist, GluskinSheff+ AssociatesInc.
We believe an aggressive “fact-finding” investigation into the true depths of theMedia and conflicted Investment Banks to present a myopic, unjustified opinion
Furthermore, opinions based on overoptimistic projections and “hope” are theprimary reason the Credit Bubble persisted as long as it did
e genera popuaon an reguaory auores a approace rang agencesabout the optimism quotient in their faulty models, it is likely that the currentcorrection would have been nowhere near as severe
As there is an all too real threat of a relapse into the same kind of optimistic zeal,presenting the factual side of the story
We demand that readers question any and all assumptions presented herein (aswell as everywhere else) on this most critical subject

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