Like Charts? David Rosenberg Gave Devastating Presentation On The Sad State Of The EconomySubmitted by goldenequity on Sun, 05/05/2013 - 19:52
David Rosenberg, the veteran Wall Street economist and and bearish strategist at Gluskin Sheff, gave an intense presentation on Friday at John Mauldin's Strategic Investment Conference.
Titled "Bernanke: The Wizard Of Potemkin," this presentation offers a sobering look at the anemic U.S. economy, the labor market mess, and the Federal Reserve's controversial efforts to get everything back on track.
Before you can even think about getting bullish, you must consider the eye-opening charts from Rosenberg's presentation.
Thanks to Gluskin Sheff for giving us permission to feature this presentation.
Some of my favorites of his charts:
Tens of millions of people are just giving up.
The unemployed stay unemployed for much longer than usual.
The stock market nowhere near its highs when considered RELATIVE to the Fed's stimulus efforts.
There's LOTS more great stuff here... check it out.