Here Are 13 Signs That We’re Actually In A Depression Right Now

Gregory White
Business Insider
September 8, 2010

• A d v e r t i s e m e n t

David Rosenberg has outlined, in his latest letter, the 13 reasons with this so-called recovery is actually a depression.

Rosenberg sums it up like this:

This is what a depression is all about — an economy that 33 months after a recession begins, with zero policy rates, a stuffed central bank sheet, and a 10% deficit-to-GDP ratio, is still in need of government help for its sustenance.

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Each one of these 13 reasons is more damning and highlights the true state of the economy: caught in a liquidity trap with little way out.

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