The ever articulate David Rosenberg has continuously maintained that the Great Recession of 2008, was no garden variety recession.
According to him a combination of deleveraging, demographics and deflation - the result of a post credit bubble collapse has meant that despite record stimulus packages and accounting rule changes and Central Bank Balance Sheet expansion; we are still a long way from an end to the crisis.
The Charts below clearly demonstrate how the stock prices of large multinational banks have fared during the post bubble bust scenario.
As worries of the debt crisis in Europe continue unabated and market watchers are eagerly hoping for a QE3 to boost global equities; it's quite clear from the stock prices below that the crisis is far from over.
According to him a combination of deleveraging, demographics and deflation - the result of a post credit bubble collapse has meant that despite record stimulus packages and accounting rule changes and Central Bank Balance Sheet expansion; we are still a long way from an end to the crisis.
The Charts below clearly demonstrate how the stock prices of large multinational banks have fared during the post bubble bust scenario.
As worries of the debt crisis in Europe continue unabated and market watchers are eagerly hoping for a QE3 to boost global equities; it's quite clear from the stock prices below that the crisis is far from over.
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