It's obvious that asset inflation has emerged as a chief policy concern. It complicates the policy picture going forward.
More Quotes from David Rosenberg:
The employment cost index report adds to the growing list of evidence that there is very little in the way of cost pressures in the inflation pipeline.David Rosenberg
If the economy continues to muddle through at around 2 percent annualized growth, we could very well slip into deflation in the next two years,
David Rosenberg
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.
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
For every pricing power story the Fed hawks and bond bears can find, we can probably match in the opposite direction.
David Rosenberg
The big surprise in 1994 was that, despite all the inflation scares -- and there was tremendous inflation worry -- core inflation actually fell in 1994.
David Rosenberg
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