Rosenberg: Here Are 13 Signs That We’re Actually In A Depression Right Now
This is what a depression is all about — an economy that 33 months after a recession begins, with zero policy rates, a stuffed central bank sheet, and a 10% deficit-to-GDP ratio, is still in need of government help for its sustenance.
• Unemployment in U.S. May Rise Toward 10% on `Feeble’ Growth
Austerity Strikes Hit France, Britain
In France, unions called for a day of mass strike action shutting down trains, planes, buses, subways, post offices and schools in protest against President Nicolas Sarkozy’s pensions reform bill.
Bilderberg Mourns: Nationalism Gaining
A leading Bilderberg spokesman mourned that “right-wing populism is on the upswing” and is likely to destroy hopes of a world government because of increasing “hard-edged nationalism.”
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