Here's the story for equities twin deficits, a weak dollar, accelerating inflation concerns, firm commodity prices, rising bond yields and Fed tightening. Now if that doesn't sound like 1987 (the year of the stock market crash), we don't know what does.
More Quotes from David Rosenberg:
Over the past three decades, the Fed tightened on eight occasions, five of these saw the yield curve invert,David Rosenberg
I think it does complicate the rate hike picture and the near-term interest rate outlook.
David Rosenberg
There is a historical pattern that everyone should be aware of because each of the past three newly appointed Fed chairman began their tenure with a quick succession of interest rate hikes.
David Rosenberg
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.
David Rosenberg
We are clearly in a state of economic uncertainty and the prudent thing to do in such times is to do nothing at all.
David Rosenberg
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