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The Altucher Confidential Advice I want to tell my daughters What do you do after you make a ZILLION dollars? 7 Reasons to Hate Me Dating, Madoff, and Supply and Demand Give and you will Receive On September 15, uber-economist David Rosenberg posted an article 13 Reasons We’re In A Depression Now and I responded with 13 Reasons We’re NOT In A Depression Right Now.
Two and a half months later I still stand by all of my reasons but it seems Rosenberg has backed off a little and has changed the slant ever so slightly.
Here’s his most recent thoughts on the economy.
Now it seems, we are in a “recovery” but there are 12 threats that can torpedo the recovery. I think these are not real threats at all but, conveniently, a wall of worry that the markets will climb on a continued road to recovery. I’ll deal with his points one by one.
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• Julian Assange: Next Wikileaks Dump Could Bring Down One Or Two Banks
• Secret World Of International Diplomatic Corps Uncloaked
• Wikileaks Docs Reveal Secret Scheme To Wean China Off Of Iranian Oil Supply
• Hilary Clinton: WikiLeaks Is An “Attack On America’s Foreign Policy Interests”
But not much of an improvement over October 2010.
Those were some underwhelming threats.
Here's what you need to know.
And well below trend.
The downtrend is painfully obvious.
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