David Rosenberg: Jobs Report Simply Awful

By on September 8, 2009

David Rosenberg was not as impressed with Friday’s employment report as some others. He characterizes the economy as fundamentally weak and that many of the job losses will be permanent.

Rosenberg also mentioned some articles written in the Wall Street Journal in 1930, after a 50% rebound in stock prices. Investors were searching for places to invest. Unfortunately, this was before the market plunged a sickening 80 percent.

Source:

http://blogs.barrons.com/stockstowatchtoday/2009/09/04/dave-rosenberg-permanent-unemployment/
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