If the dollar decline is not orderly and triggers heightened inflation expectations and higher interest rates, equities will have trouble.
More Quotes from David Rosenberg:
For the first time in 18 years, we managed to get through one of these semiannual congressional testimonies without a bottle of Advil in one hand and a Thesaurus in the other.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
(T)hat's not a recession-maker, but it's a pinch nonetheless - it means a little less steak and a lot more bologna, fewer outings to the nightclub and perhaps one less vacation on the cruise line (but maybe more time at the blackjack table).
David Rosenberg
The first of the boomers turn 60 this year. They are about to retire, and they have been spending as if they were 30, for the last 30 years.
David Rosenberg
This has nothing to do with whether the yield is too high or too low or whether it's over or undervalued. And it certainly has nothing to with foreign central bank activity. It's about the business cycle.
David Rosenberg
If the Fed is truly data dependent, then what matters most...is the data flow for the second quarter. What do we know about the second quarter Well, not that much, but what we do know suggests a slowing to around a 2.5 annual rate.
David Rosenberg
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Live fast, die old, and make very sure everyone knows you were there.
Alan Cox