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In recent weeks, Rosenberg's observed the following:
-- America has "too many vacant houses, empty apartment and office buildings, idle manufacturing plants and unemployed people;"
-- credit keeps contracting rapidly; and
-- money velocity and the multiplier are anaemic, signaling a "highly deflationary brew."
His "worry list" includes:
-- Greek default spreading, harming world economies;
-- credit tightening when stimulus is needed; and
-- America heading for a double-dip recession, a depression he signaled earlier.
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