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.
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Over the past three decades, the Fed tightened on eight occasions, five of these saw the yield curve invert,David Rosenberg
So many clients are telling us that we are just plain wrong and there is inflation everywhere. But ... the bulk of these complaints come from folks who have kids in college ... Prices set according to supply and demand are flat or falling for the most part.
David Rosenberg
We are clearly in a state of economic uncertainty and the prudent thing to do in such times is to do nothing at all.
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It is basically a subtle way to flash to the market that the negative economic consequences are resonating and that the Fed may not just look at this as a temporary soft patch this time.
David Rosenberg
There is going to be near-term inflation. Is it going to be sustained I doubt it.
David Rosenberg
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