Economist Dave Rosenberg warns investors to Get a Grip on Reality. Double-dip risks in the U.S. have risen substantially in the past two months. While the “back end” of the economy is still performing well, as we saw in the May industrial production report, this lags the cycle. The “front end” leads the cycle and by that we mean the key guts of final sales — the consumer and housing. We have already endured two soft retail sales reports in a row and now the weekly chain-store data for June …

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Getting a Grip on Reality – Reflation Dead in the Water