Archive for August 4th, 2010

Dems will have a very bad mid-term election

Posted in Economy on August 4th, 2010 by Paul Deng – Be the first to comment

With unemployment rate staying close to 10%, and not going to come down in the next couple of years, Democrats are set to have a very bad year in the Nov. mid-term election.

History tells Presidential approval rating and payroll are highly correlated.

approval rating and payroll 300x223 Dems will have a very bad mid term election

(click to enlarge)

Rosenberg on US economic outlook

Posted in Economy on August 4th, 2010 by Paul Deng – Be the first to comment

David Rosenberg, one of the most vocal bears out there, argues for his case of the US falling into double-dip recession. His assessment of the current condition is convincing, but with Bernanke Fed’s determination to prevent another modern-day Great Depression, I would bet my money on a slow-recovery (or New Normal) scenario. Call it Square-root recovery: big dip followed by a sharp rebound, then followed by years of anemic growth.