From David Rosenberg's daily missive: "With the U.S. government now putting its fingers into...

|By:, SA News Editor

From David Rosenberg's daily missive: "With the U.S. government now putting its fingers into more than one-third of the economy (health, finance, autos, energy, housing), one would expect that the fair-value multiple in the future will be lower than it has been - given the implications for productivity and the potential non-inflationary growth potential."