Energy and raw material demand in China has been one of the key drivers behind the strength in commodities. If China is raising rates and trying to slow growth, then we may see some tempering in those pressures.
More Quotes from David Rosenberg:
We think that countries and areas of activity that have been weakest in the last couple of years are likely to see the strongest rebound in growth. Thus, Germany, Italy and the Netherlands should see more marked recoveries than Spain and France, where activity has held up well.David Rosenberg
When rates back up, growth slows ... quickly. Fully three-quarters of the time in the past five years when we endured a bond yield spasm like we have seen since mid-January, GDP (Gross Domestic Product) growth slowed the following quarter and by an average of one percentage point.
David Rosenberg
It is basically a subtle way to flash to the market that the negative economic consequences are resonating and that the Fed may not just look at this as a temporary soft patch this time.
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
Pretty heavy to where the average person would bore pretty quickly. This magazine has none of that. This magazine focuses on faith stories.
David Rosenberg
There is the pre-Katrina economy and the post-Katrina economy. Any number that's going to be important for stocks and bonds is not going to be in government reports. The most important data near-term are going to be energy futures. Those are going to be key indicators as far as interest rates are concerned.
David Rosenberg
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