Wellington Letter : Bert Dohmen
He says there may be a big rebound in the GDP for about 2 Qtrs - then he predicts the bullish sentiment created will lead to a massive Bull Trap - and 2010 - 2011 will be periods of deflation never seen in this country - unemployment will pick up and consumer spending will tank - thus creating a double dip recession with the worst being the second leg
And then from RR:
He said that we are on the cusp of the "Change of American Standard of Living" - We have mortgaged our childrens and grand childrens standard of living -
But retail stocks and "markets in general" are running - because everyone has deemed the recession is over!!!! Look out ahead