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The U.S. economic recovery has been weak and the looming fiscal cliff
threatens to act as a further drag on the economy. Europe is imploding with the chances of a ‘Grexit’ increasing, and Spain’s economy deteriorating and risking contagion. David Rosenberg looks at the state of the U.S. and global economy via 51 depressing charts.
So says Mamta Badkar (www.businessinsider.com) in her post here which Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), presents below. This paragraph must be included in any article re-posting to avoid copyright infringement.
Badkar goes on to say:
Rosenberg writes that the recovery isn’t where it should be saying: “Three years into the aftermath of the worst recession since the 1930s, the global economy still cannot manage to expand organically — that is, without the need for ongoing life support from central banks and governments.”
NOTE: Thanks to Gluskin Sheff for giving us permission to feature David Rosenberg’s charts here.
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