One has to wonder how long the consumer can continue to spend at ... dizzying rates without a material improvement in the labor market.
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
(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).
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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.
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The glue that kept the consumer market together the last few years was the wealth effect from the housing boom.
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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.
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I think it does complicate the rate hike picture and the near-term interest rate outlook.
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Based on Topics: Labor QuotesBased on Keywords: dizzying
Happy is the person who not only sings, but feels God's eye is on the sparrow, and knows He watches over me. To be simply ensconced in God is true joy.
Alfred A. Montapert
You may kill me here; but you cannot make me go back.
Morning Star
This principle is old, but true as fate, Kings may love treason, but the traitor hate.
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