David Rosenberg, the veteran Wall Street economist and and bearish strategist at Gluskin Sheff, gave an intense presentation on Friday at John Mauldin's Strategic Investment Conference.
Titled "Bernanke: The Wizard Of Potemkin," this presentation offers a sobering look at the anemic U.S. economy, the labor market mess, and the Federal Reserve's controversial efforts to get everything back on track.
Before you can even think about getting bullish, you must consider the eye-opening charts from Rosenberg's presentation.
Thanks to Gluskin Sheff for giving us permission to feature this presentation.
Potemkin villages were fake and built to make people think things weren't as bad as they really were.
Meet the wizard of today's Potemkin village.
The stock market is nowhere near its highs when you consider it relative to the Fed's stimulus efforts.
See the rest of the story at Business Insider
Please follow Money Game on Twitter and Facebook.