Consuelo Mack WealthTrack - David Rosenberg 11-11-2011

On this week's Consuelo Mack WealthTrack: one of the few economists to foresee the global economic slowdown. Gluskin Sheff's David Rosenberg saw signs of trouble as chief economist at Merrill Lynch. Now back in his native Canada at Gluskin Sheff he continues to warn about a prolonged slump with high unemployment in the developed world. He tells Consuelo what it means for investors and where to find growth despite a stagnant U.S. and Europe.

Category:

News & Politics

Tags:

• Consuelo Mack
• WealthTrack
• David Rosenberg
• homeless
• poverty
• Great Recession
• bankruptcy
• stock market
• long-term unemployment
• laid off
• layoffs
• unemployed
• unemployment
• jobs

[patsy352]

Read today online that the Feds are saying America has a 50/50 chance of going into recession....I dunno but did we ever get out? Peace Why and thanks for the vid :)

[whywasilaidoff]

@patsy352 Yeah, I have been reading the same. Now it's Europe's fault we will "go back into a recession" because of their debt.  I wish this govt. would stop passing the buck and do SOMETHING instead of watching the rich get richer and the middle class settle into poverty. Stay strong Patsy!

[zevkirsh]

these financiers coming on tv like david rosenberg---they are not giving you the straight truth. they are giving you the OBVIOUS truth from 3 years ago which is now nothing but admitting how things were when the television owned by the big banks was telling you about 'green shoots'.

[zevkirsh]

and while the debt is being paid back, wall street is busy scalping the economy be

1)----rolling over free money into 2% treasuries (which is STEALING FROM PENSIONERS AND ALL SAVERS ---STEALING!!!!)>>>>

2) creating new vehicles for stealing wealth like IPO's of companies that will never be profitable like groupon IPO.

3) getting government pork from the government.

4) trying to start a conflict with iran in order to manipulate oil prices.

[zevkirsh]

'deleveraging cycles'

, let's be real. the deleveraging cycle is about federal reserve intentionally inflationary policy being used to prevent massive debt default be inflating away the debt as the continuous wages filtered through the economy are used to pay off debt, while those individuals who are stuck with debt they cannot pay lose everything and are lucky if they can even discharge most of their debts in bankruptcy (not student debt , court judgements, tax liens, alimony,)