David Rosenberg certainly sounds very bearish on the US.
As he said, "we are likely to find ourselves revisiting our deflationary discussions as opposed to fears over hyperinflation. This is not the 70's and it is most certainly not Zimbabwe or the Weimar Republic. This is still an environment more akin to Japan and the 30's.
I think if the US Gov't was able to cut 1 Trillion in spending that it would be over many years and not just in one.
Then they would need to find other ways of resolving the other 13.6 trillion in national debt.
