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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.

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