The Fed seems intent on raising rates through this Katrina business on the view that the pending rebuild stimulus will trump the near-term economic loss.
More Quotes from David Rosenberg:
We think that countries and areas of activity that have been weakest in the last couple of years are likely to see the strongest rebound in growth. Thus, Germany, Italy and the Netherlands should see more marked recoveries than Spain and France, where activity has held up well.David Rosenberg
There is no question that these are trends that are going to add to people's anxiety and the process has already started.
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
The equity market is climbing a wall of worry right now.
David Rosenberg
I thought this was the most amazing thing you could do for people.
David Rosenberg
The housing market has become so stretched that the affordability ratio for first-time buyers, the folks who drive the incremental demand in the real estate sector, has deteriorated to levels last seen in the third quarter of 1989.
David Rosenberg
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