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Buckshot Survival Hour

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10 Big Retailers Closing Stores http://www.dailyfinance.com/story/company-news/10-big-retailers-closing-stores/19597754/?icid=sphere_copyright Economy Caught in Depression, Not Recession: Rosenberg http://www.cnbc.com/id/38831550 Positive gross domestic product readings and other mildly hopeful signs are masking an ugly truth: The US economy is in a 1930s-style Depression, Gluskin Sheff economist David Rosenberg said Tuesday Rosenberg points out that the "overall economic malaise" has come despite aggressive efforts by the Federal Reserve to stimulate the economy through rate cuts. The central bank itself has scaled back its economic projections, has held steady on its balance sheet, and could be announcing another round of quantitative easing measures at its Jackson Hole summit this week.

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