Post Tagged with: "David Rosenberg"
Rosenberg: the Europeans can fight nature for only so long
I liked David Rosenberg’s Breakfast With Dave piece this morning. He got into QE2, bonds, Europe and Germany in particular. Let me hit on a few highlights here. First, Rosenberg says the recent uptick in bond yields might put Bernanke’s credibility to the test given he said yields would go down. As I said in
Rosenberg: Ten Investment Themes for 2011
The following is an excerpt from David Rosenberg’s recent Lunch with Dave daily research piece highlighting Ten Themes for 2011. These themes are quite a bit different than the ones we highlighted just days ago from former colleague Richard Bernstein – much more cautious on the near-term future
Since Plaza Accord dollar-yen has sunk 70% without decreasing US deficit with Japan
In regards to Paul Krugman’s argument’s on China in the video in the last post, I think this quote from David Rosenberg’s latest daily market commentary is spot on: Since 1985, dollar-yen has sunk nearly 70% and yet the US has the same bilateral deficit with Japan today as it had then. So why does
Balance Sheet Recessions and The Psychology of Deflation
The chart below is from today’s morning Breakfast with Dave missive by Gluskin Sheff’s David Rosenberg. How do you fight against losses this large? Like Richard Koo and David Rosenberg, I believe the monumental hit that balance sheets of American households have taken is the kind of thing that will result in marked changes in
David Rosenberg on Why David Tepper is Wrong
This an excerpt from yesterday’s daily commentary from David Rosenberg. Two things happened on Friday: First, a very successful hedge fund manager was on CNBC and (between songs, apparently) told viewers that the equity market now was a one-way ticket up. And, second, the durable goods report. As for this very successful hedge fund manager
How Much Higher Can Bonds Go?
by John Lounsbury David Rosenberg, chief economist at Toronto’s Gluskin Sheff, says at least two more years to a top with rates significantly lower than today. Here is Rosenberg’s graph: From today’s "Breakfast With Dave": Take a look at Chart 1, in this post-bubble credit collapse everything is mean reverting from P/E ratios, to savings
Rosenberg: Not Your Average Recession
by John Lounsbury David Rosenberg, Chief Economist & Strategist at Gluskin Sheff, Toronto, has a graph that goes a long way toward explaining why this recovery does not feel like a recovery: Click on images for larger graphs. Is the reason that this doesn’t feel like a recovery because so many things have not recovered?
Chart of the day: Stocks for the long run?
This chart comes via David Rosenberg at Gluskin Sheff. Rosenberg tops it off with this commentary: While we are “underweight” equities as an asset class, we aren’t exactly zero-weight. There are always things to buy and S.I.R.P. does involve a dividend theme, and as such it is encouraging to see company after company, even in
Rosenberg: “If I was going to publish a bullish report on the U.S. economy…”
Everybody’s favourite bearish analyst, Gluskin Sheff’s David Rosenberg had a few thoughts on some of the bullish analyses he’s been seeing. Despite his bearishness, he even goes as far as to say why he would be bullish. Here are the first relevant few paragraphs from his morning note: WHAT PASSES FOR RESEARCH THESE DAYS Somebody
Chart of the Day: Beware Downward Adjustments to Earnings Estimates
by John Lounsbury David Rosenberg, chief economist at Toronto’s Gluskin Sheff, is continually publishing interesting graphs. Below one from today’s newsletter which shows the relationship between 12-month forward earnings estimates for the S&P 500 and the value of the index itself: For about 2/3 of the 17 years the earnings forecasts and stock prices track
On Ireland, Double Dips and Other Links
I will be on BNN at 12:15 today. Topics are unknown but Ireland’s downgrade and double dip in the US are two likely subjects. My general take is that this is playing out as scripted here and here. Back in 2009, when I was talking about the potential for a double dip, my baseline was
What Does the Philly Fed Contraction Signal Really Mean?
By John Lounsbury David Rosenberg, chief economist for Toronto’s Gluskin Sheff, has a graph showing the history of the Philly Fed Business Outlook Survey. I have added annotations below: Before this month and since 1968 there have been 13 times the index has fallen from 20 or higher to -7, the current reading. The 13