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Daily Archives: August 4, 2010

Dems will have a very bad mid-term election

With unemployment rate staying close to 10%, and not going to come down in the next couple of years, Democrats are set to have a very bad year in the Nov. mid-term election.

History tells Presidential approval rating and payroll are highly correlated.

(click to enlarge)

Rosenberg on US economic outlook

David Rosenberg, one of the most vocal bears out there, argues for his case of the US falling into double-dip recession. His assessment of the current condition is convincing, but with Bernanke Fed’s determination to prevent another modern-day Great Depression, I would bet my money on a slow-recovery (or New Normal) scenario. Call it Square-root recovery: big dip followed by a sharp rebound, then followed by years of anemic growth.