Rosenberg Daily Soundbites

• All of a sudden, risk appetite is back this morning and for the strangest reasons; accelerating inflation pressure still remains a threat, not just in China but in most of the emerging market world
• When I was asked on Bloomberg TV as to what odds I put on a U.S. recession by 2012, I told them 99%; I needed the 1% just for a smidgen of a margin of error; the folks at Bloomberg didn’t ask me what my confidence level was around that 99% recession call