Today is

Friday, August 27, 2010

David Rosenberg: We're Paying The Piper Now For Bush Era

Who knew?

Rosenberg said there's no quick fix to a debt deleveraging cycle.

"We went through a parabolic credit cycle from 2001 to 2007, and we're paying the piper right now because a lot of this debt is bad and has to be extinquished." -- Economist David Rosenberg

Watch for it beginning at 2:25

Rosenberg: We Are In A Depression

No comments:

Post a Comment