Fed action is not a fait accompli -- weakness might have to extend through the second half to lead to a Fed cut.
More Quotes from David Rosenberg:
(W) hat we are likely to see in Germany is the best year for consumer spending in a half decade. As a measure of how much pent-up demand there is in Germany, the average age of the auto fleet is at a record eight years.David Rosenberg
With the exception of the backward-looking Q4 GDP report, the data released today surprised to the downside.
David Rosenberg
There is no doubt that when I speak to hedge funds and real-money investors, they have some questions. They say that he has to prove his credentials right away.
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
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.
David Rosenberg
It's obvious that asset inflation has emerged as a chief policy concern. It complicates the policy picture going forward.
David Rosenberg
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Based on Topics: Actions QuotesBased on Keywords: accompli, fait
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