Rosenberg Sees ‘99% Chance’ of US Recession by 2012
David Rosenberg’ view of the politics driving fiscal and monetary policy in the US and what QE3 could look like are very similar to my own. He sees this producing recession by 2012. I don’t like predicating my view solely on political choices so I’m not there yet. But, clearly I have been making a similar macro case, leading to the same outcome since 2009. I don’t have any other comments on this yet, but it is definitely newsworthy.
Bloomberg video below