Contrarian economist David Rosenberg, chief economist and strategist at Toronto-based Gluskin Sheff & Associates, offers market insights in a recent interview with Barron’s. Here are some highlights: View on U.S. economy: “We’re going to average close to 2% real GDP growth this year, well below consensus.” Rosenberg doesn’t think the economy will “break out to the upside,” saying that there will be offsets to proposed tax relief, deregulation and capital repatriation including potential trade tariffs… Read More
Top economist David Rosenberg — long a bear — is continuing along the bullish path he started on last year.
Don’t believe the hype about falling oil prices being a bad sign. That’s what top economist David Rosenberg says.
David Rosenberg, the long-time bear who turned bullish fairly recently, says he’s getting frustrated with the US economy.
Worried about the interest rate hikes that may be coming sooner than many had expected? Top economist David Rosenberg says to relax.
Once a major worry amid the Federal Reserve’s massive quantitative easing program, inflation seems to have taken a back seat in investors’ minds. But top economist David Rosenberg says not to forget about it.
Gluskin Sheff’s David Rosenberg thinks stocks will be stuck in a trading range for the next several months, and sees inflation on the horizon. Rosenberg tells Yahoo! Finance’s Breakout that if the Federal Reserve does begin to taper its asset-purchasing plans in September as he expects, the chance for multiple expansion will be very small, which, combined with near-zero earnings growth, means little in the way of market gains. He also thinks bonds are oversold… Read More
Gluskin Sheff Chief Economist & Strategist David Rosenberg says that a “firmer floor” has developed under the U.S. economy, and he doesn’t see recession coming anytime soon. “I don’t see the prospect of a recession,” Rosenberg tells Yahoo!Finance’s Daily Ticker, saying that the major risks of a fiscal shock or monetary shock have passed for the U.S. “My new theme is escape velocity, no, but terra firma, yes. There’s a firmer floor under the U.S.… Read More
The often-gloomy David Rosenberg of Gluskin Sheff says the June jobs report looks pretty strong, and indicates consumer spending should be strong through the summer months. Rosenberg says that in addition to the solid jobs-added number, the report also showed that income was up the most since February, and year-over-year wage growth was about 2.5% despite little or no overall inflation, showing “organic, real” purchasing power gains. He also says the Federal Reserve shouldn’t lower… Read More
The often-bearish economist David Rosenberg is actually seeing some bright spots for the U.S. economy. Rosenberg tells Yahoo!Finance’s Daily Ticker that labor demand is rising, and firings are at an all-time low. Hiring has been weak, he says, because of a lack of skilled workers to take the job openings. Average work weeks and weekly earnings are increasing, he says, good news for those who have jobs. He thinks it could be the start of… Read More