A year ago, 'deflation' was dripping off everybody's lips. Today, core inflation is off its low, but it's about the same as it was a year ago, yet all anybody can talk about is how far the Fed will hike.
More Quotes from David Rosenberg:
That's a horse with a track record that we would rather not go against.David Rosenberg
A Bush win is good for asset managers but bad for life insurance companies.
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
We're not sure what to make of the fact that we find out from a reporter about comments that the Fed chairman made at a dinner two days earlier.
David Rosenberg
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Genius without religion is only a lamp on the outer gate of a palace; it may serve to cast a gleam of light on those that are without, while the inhabitant sits in darkness.
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I do not have any pets. We travel too much.
Nancy Kerrigan