Rosenberg
Limits of “Extend and Pretend” Tested
The extend and pretend charade in Europe is out of magic dust to sprinkle around. It is becoming increasingly apparent that there is no way out of their problem and that their words are merely smoke. Peter Tchir says: They are running into legal roadblocks, death spiral scenarios, the reality that once they give the [...]
More Non-Recovery Signs
More evidence of the weak and getting weaker economy from Zerohedge: From David Rosenberg’s latest Breakfast with Rosie, from Gluskin Sheff Reality Check: The S&P 500 is no higher now than it was on February 7. Yet, so many pundits still believe we are in a flaming bull market. QE2 failed to provide for a sustained [...]
Rosie on Economy
David Rosenberg offers his usual incisive comments on the economy and suggests a couple of reads: Whether you are perma bull or perma bear or everyone in between, the column by Paul Lim in the Sunday NYT business section (The Bounce Isn’t Enough to Recover From a Bubble on page 4) states that fully recovering [...]
Inflation vs. Deflation
David Rosenberg summarizes the tug of war between inflation and deflation: Pricing power improving • Air fares: +2.2% and have now posted 2%+ gains in each of the past three months (during which prices have soared at a 33% annual rate). • Delivery services: +6.8% MoM in January in the third best pricing month ever, [...]
Today’s Wisdom
Quote of the Day from The Big Picture website: “The economy remains on government-assisted life support, and the government has been very successful in creating the illusion of economic prosperity. It is doing this to buy time and help preserve social stability as the adjustment towards housing deflation, consumer deleveraging, and chronic unemployment takes its [...]
Rosenberg’s Evaluation of the Market and the Fed
David Rosenberg on the folly of investing in this market and faith in the Fed: This is a market completely based on hope. Throw fundamental investment principles out the window. It’s now all about how the Fed can manage to inflate asset prices now that fiscal policy has tested its limits with the voting public. [...]
Housing Disaster in Perspective
Here is an interesting piece of information about the US housing market: The high-end market, in particular, is under tremendous pressure. In fact, it is becoming non-existent. Guess how many homes prices above $750k managed to sell in July. Answer — zero, nada, rien; and for the second month in a row.“ Read the full [...]
Rosenberg Video Interview
David Rosenberg may be the best financial/economic analyst on the North American continent. This video interview with the WSJ is his current view of where the economy is and is heading.
Rosenberg does not see any recovery
Dave Rosenberg is one of the best analysts around. He out daily reports for investors that are timely and incisive. You might want to subscribe. Current email with embolding added by me: David A. Rosenberg Chief Economist & Strategist Market Musings & Data Deciphering Breakfast with Dave Read full article (PDF 525KB) Read summary (PDF [...]
Rosenberg Not Optimistic
Rosenberg sees no recovery: David A. Rosenberg Chief Economist & Strategist Market Musings & Data Deciphering Breakfast with Dave Read full article (PDF 421KB) June 22, 2010 In today’s issue of Breakfast with Dave • Getting a grip on reality: double-dip risks in the U.S. have risen substantially in the past two months • The [...]
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