David Rosenberg (former chief economist for Canada) is 99% sure USA is going for recession by 2012.
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2007-2009
S&P 500 dropped 57%
Commodities dropped 57%
Oil dropped 78%
Emerging Market, Gold, Real Estate dropped significantly
30 yr Bond dropped 26%
10 yr Tresury notes dropped 10%
Will there be a repeat? Definitely, bigger and longer. The timing may be different this time. This is a very clear Japanese case of Balance Sheet Recession that will cause a Deflation and Depression.
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