Merrill Lynch Predicts Recession

[marmar]

from HuffPost:




The Huffington Post

Merrill Lynch Predicts Recession
Silicon Valley Insider


Two major Wall Street firms have finally thrown in the towel and are now calling for a recession. For a variety of reasons, Wall Street is usually late to call downturns, so this probably means that 1) we're already beginning to come out of the recession, or 2) this recession is going to be a doozy (the more likely explanation, in our opinion).

The pessimism of Jan Hatzius at Goldman prompted Ben Stein to call him a lightweight, conflicted shill who was just "selling fear" to help Goldman's proprietary trading desk. We therefore look forward to Stein's explanation for the pessimism of Merrill Lynch economist David Rosenberg:

http://www.democraticunderground.com/discuss/duboard.php?az=post&forum=389&add_journal=1&trackback_journal=1

[knitter4democracy]

1. Wow. What brilliance, considering we're already in one.

:eyes:

In Michigan, we're in serious trouble. I'm hearing the same from all over the country on message boards (here and knitting ones). People are hurting, and they're just now "predicting" a recession. Idiots.

[SpiralHawk]

2. Ben Stien is a clueless republicon homelander paid propagandist

Who pays any attention to that narrow-minded blowhard?

[Liberal_in_LA]

3. bump