There is going to be near-term inflation. Is it going to be sustained I doubt it.
More Quotes from 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
For every pricing power story the Fed hawks and bond bears can find, we can probably match in the opposite direction.
David Rosenberg
There's nothing in the tea leaves telling us we'll be seeing much labor-market buoyancy for several months.
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
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
This would provide the Fed some flexibility regarding future meetings.
David Rosenberg
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