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.
More Quotes from David Rosenberg:
The glue that kept the consumer market together the last few years was the wealth effect from the housing boom.David Rosenberg
Pretty heavy to where the average person would bore pretty quickly. This magazine has none of that. This magazine focuses on faith stories.
David Rosenberg
I think it does complicate the rate hike picture and the near-term interest rate outlook.
David Rosenberg
If he and the homebuilding executives are assessing the market correctly, investors will do well to sell into the Katrina-inspired rally and lock in gains. And anyone thinking of buying a house now may wish to think again. The market is as vulnerable today as the last time we had this stretched affordability in 1989, ... It might not be on the same par as the equity bubble in the late '90s, but it's not far off.
David Rosenberg
You need more than just the ability to spend, you need the incentive to spend. You're only going to start spending if you can prove to your board that your investment is going to pay off.
David Rosenberg
There's nothing in the tea leaves telling us we'll be seeing much labor-market buoyancy for several months.
David Rosenberg
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