Rosenberg: Up to Decade of Deflation Ahead
Most pundits who crow about green shoots and about an inventory restocking in the third quarter giving way towards some sustainable economic expansion live in the old paradigm, analyst David Rosenberg said.
“They don't realize that the deflationary aftershocks that follow a post-bubble credit collapse typically last for 5 to 10 years,” Rosenberg told Bloomberg.
Read the entire story at MoneyNews.com
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Friday, July 3, 2009
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