Confidence declines of this magnitude typically happen around 'shocks' or 'events,' ... We don't really know what the 'shock' was this time around, but maybe we'll find out when the non-farm payroll report is released on Friday.
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Investors should be focused on regions where there are healthy balance sheets and high personal savings rates. Areas where there will be appreciating currencies, where there is pent-up demand and where there is an ability among policy makers to spur that pent-up demand.David Rosenberg
Although an inverted yield curve does not always imply an economic recession, it has predicted a profit recession 100 per cent of the time.
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We estimate the near-term loss in terms of output, employment and income in the affected area coupled with the surge in energy costs that impacts everyone will offset any future rebuilding by a factor of two to one.
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So many clients are telling us that we are just plain wrong and there is inflation everywhere. But ... the bulk of these complaints come from folks who have kids in college ... Prices set according to supply and demand are flat or falling for the most part.
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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.
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Washington pundits expect such a bill to include the repeal of the Public Utility Holding Company Act, which could lead to a wave of mergers in the utility sector.
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