With the exception of the backward-looking Q4 GDP report, the data released today surprised to the downside.
More Quotes from David Rosenberg:
We have one of the weakest growth rates ever during a tightening cycle, and we have to ask the question why the Fed still believes it is accommodative at 3.75 percent.David Rosenberg
This would provide the Fed some flexibility regarding future meetings.
David Rosenberg
If the Fed is truly data dependent, then what matters most...is the data flow for the second quarter. What do we know about the second quarter Well, not that much, but what we do know suggests a slowing to around a 2.5 annual rate.
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
The equity market is climbing a wall of worry right now.
David Rosenberg
If the economy continues to muddle through at around 2 percent annualized growth, we could very well slip into deflation in the next two years,
David Rosenberg
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