'We have a depression on our hands': The CIO of a bearish $150 million fund says the market will grind to new lows after the current bounce is over — and warns 'a lot more pain' is still to come

· David Tice — the chief investment officer at the $150 million Ranger Active Bear Fund, which makes money by shorting stocks — believes we're currently in the midst of a full-fledged economic depression.
· To support his melancholy views, Tice relays several reasons, including: depressed consumers, no viable cure for the...