The first of the boomers turn 60 this year. They are about to retire, and they have been spending as if they were 30, for the last 30 years.
More Quotes from David Rosenberg:
If the divergence between sales and inventories continues, the inventory-to-sales ratio will breach the critical five months' supply threshold by year-end, ... Price action is sure to follow.David Rosenberg
(T)hat's not a recession-maker, but it's a pinch nonetheless - it means a little less steak and a lot more bologna, fewer outings to the nightclub and perhaps one less vacation on the cruise line (but maybe more time at the blackjack table).
David Rosenberg
This has nothing to do with whether the yield is too high or too low or whether it's over or undervalued. And it certainly has nothing to with foreign central bank activity. It's about the business cycle.
David Rosenberg
We have one of the weakest growth rates ever during a tightening cycle, and we have to ask the question why the Fed still believes it is accommodative at 3.75 percent.
David Rosenberg
If he and the homebuilding executives are assessing the market correctly, investors will do well to sell into the Katrina-inspired rally and lock in gains. And anyone thinking of buying a house now may wish to think again. The market is as vulnerable today as the last time we had this stretched affordability in 1989, ... It might not be on the same par as the equity bubble in the late '90s, but it's not far off.
David Rosenberg
This would provide the Fed some flexibility regarding future meetings.
David Rosenberg
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Good merchandise, even hidden, soon finds buyers.Titus Maccius Plautus
Ever occur to you why some of us can be this much concerned with animals suffering? Because government is not. Why not? Animals don't vote.
Paul Harvey
Upon books the collective education of the race depends; they are the sole instruments of registering, perpetuating and transmitting thought.
Harry S. Truman