"If you don't believe there's going to be a double dip, it's because the first recession never ended. If there is going to be a double dip, the odds are certainly higher than 50-50." - David Rosenberg
Rosenberg also said:
- that Q2 GDP is likely to be revised downward to 1% or 1.5%
- Q3 is likely to have growth of 0%!
- Q4 is likely to see GDP contraction
- Inventory-building was 2/3 of growth
- 1/3 was policy stimulus
