There's nothing in the tea leaves telling us we'll be seeing much labor-market buoyancy for several months.
More Quotes from David Rosenberg:
Although an inverted yield curve does not always imply an economic recession, it has predicted a profit recession 100 per cent of the time.David Rosenberg
Energy and raw material demand in China has been one of the key drivers behind the strength in commodities. If China is raising rates and trying to slow growth, then we may see some tempering in those pressures.
David Rosenberg
We estimate the near-term loss in terms of output, employment and income in the affected area coupled with the surge in energy costs that impacts everyone will offset any future rebuilding by a factor of two to one.
David Rosenberg
There is going to be near-term inflation. Is it going to be sustained I doubt it.
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
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.
David Rosenberg
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Based on Topics: Tea QuotesBased on Keywords: buoyancy, labor-market
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