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Dave Rosenberg, chief economist and strategist at Gluskin Sheff, added more fuel to the fire.
FORBES: Goldman Cuts Its Jobs Forecast To A Paltry 25,000
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According to Dave Rosenberg, seen by many as a perma-bear, it will be really hard for a self-sustaining recovery to pick up.
FORBES: Economy Moving At Snail-Speed ISM, Jobs Report Show
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And Dave Rosenberg, a Merrill Lynch economist, says that, over the past six months, business sales have fallen at an annual rate of 2.3%.
ECONOMIST: Companies are buying back their own shares at a record rate