Proud to be depressed!

David Rosenberg:

Investors are not giving sufficient respect to the prolonged length of the current recovery, he said. He titled his talk the “Rodney Dangerfield Cycle.”

At 70 months, this is the sixth longest expansion since 1854! If it lasts for three more months (and it will), it will surpass the 2001-07 expansion. I think it´s even likely that this ‘expansion’ will in the end surpass the 80 months of the 1938-45 expansion and the 92 months of the 1982-90 expansion, to become, at least, the third longest expansion in history. Ain´t that great?

But why should anyone show any respect to a ‘recovery’ that maintains the economy in a depression?
Rodney Dangerfield Expansion


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