Merrill’s Chief Economist is not very sanguine on the odds for a quick bounce back.
David Rosenberg, chief North American economist at Merrill Lynch & Co., talks about the May U.S. employment report, the possibility of "stagflation" in the U.S. economy and the outlook for growth.
00:00 Jobs report, outlook for U.S. economic growth
07:31 Home prices; inflation-commodity price link
13:00 Home market outlook; "It’s not stagflation."
15:55 Bond spreads; consumer price inflation
19:41 Is America ready to retire?
Running time 21:05
Last Updated: June 6, 2008 17:49 EDT
Rosenberg Sees ‘No Better’ Than 1% U.S. Growth in 2009: Audio
June 6 2008