Parsad Posted June 25, 2012 Share Posted June 25, 2012 I don't agree with David Rosenberg on alot of things, but this is a pretty good short interview and I think he's correct on this. Cheers! http://finance.yahoo.com/blogs/daily-ticker/living-modern-day-depression-david-rosenberg-121332909.html Link to comment Share on other sites More sharing options...
Zorrofan Posted June 25, 2012 Share Posted June 25, 2012 " the record number of Americans living on Food Stamps — 46 million or 1-in-7 in 2011" This is a very sad fact to consider, unfortunately Rosenberg may very well be correct about this being a depression. cheers Zorro Link to comment Share on other sites More sharing options...
Parsad Posted June 25, 2012 Author Share Posted June 25, 2012 " the record number of Americans living on Food Stamps — 46 million or 1-in-7 in 2011" This is a very sad fact to consider, unfortunately Rosenberg may very well be correct about this being a depression. cheers Zorro Did you watch Dateline yesterday? It was a very good episode and discussed how so many Americans are struggling. At the same time, while many are facing daunting financial hurdles, most are fighting and optimistic about getting back on their feet over time. This too shall pass! Cheers! Link to comment Share on other sites More sharing options...
Zorrofan Posted June 25, 2012 Share Posted June 25, 2012 I didn't see Dateline yesterday - I had made plans to watch but alas forgot. And you are correct that "this too shall pass", it is still sad none the less. cheers Zorro Link to comment Share on other sites More sharing options...
Parsad Posted June 25, 2012 Author Share Posted June 25, 2012 Yup! Painful to watch yesterday for those families, and I can only imagine what they are going through. I think more people should have watched it...a pretty humbling episode that probably many other people need to see, especially in overpriced Vancouver. Do you know how many high end cars and apartments are around Vancouver now...it's insane! Saw three Ferraris and a McLaren on my one block walk from the bus-stop to my office. They were not going anywhere together but in different directions. Cheers! Link to comment Share on other sites More sharing options...
Hawk4value Posted June 26, 2012 Share Posted June 26, 2012 I hate to say this but the incredible gov't spending and the unprecedented o% manipulated interest rates have simply delayed the additional pain to come. Make no mistake the system will continue to correct regardless of what the gov't does, and the "pain" will continue in earnest. Its unfortunate that our politicians refuse to allow a quicker correction because they find reelection more important. The pain will continue, and the finger pointing by politicians will escalate in order to deflect blame for this fiasco. Link to comment Share on other sites More sharing options...
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