Here\u0027s a look at David Rosenberg\u0027s predictions for global financial markets and the economy this year. Find out more.
Over the past year, as Google searches for inflation went “through the moon,” he said companies took advantage, lumping four years’ worth of price increases into a single year. That price gouging, however, has its limits and consumers are now starting to balk.Article content
“I’ve got to say it over and over and over again,” Rosenberg said. “My strongest conviction call is that the inflation story is dead. And I can’t believe the pushback, actually.”Rosenberg has a reputation for being a “perma bear” on equities , but he anticipates he’ll be taking a bullish turn later this year.
“You need the bond market to hold your hand first, you need bond yields to go down to re-establish a more appropriate equity risk premium,” he said. Rosenberg’s belief that inflation will ease means he has been bullish on bonds, a move that didn’t work out last year.Now, however, things are “starting to come our way,” he said. “I have to tell everybody in the room, as you do your asset mix, there’s no rally in stocks before the rally in bonds, which is why it’s encouraging to see bond yields going down.”Article content
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: Canadian housing market 'is a castle built on sand': David RosenbergDavid Rosenberg talks about the U.S. Federal Reserve\u0027s \u0022pride,\u0022 gold vs. bitcoin and which central bank will cut rates first. Watch here.
Read more »
Five things to know about Lunar New Year and the Year of the RabbitHere’s what you need to know about the most important annual holiday in China
Read more »
Lunar New Year: Horoscopes for the Year of the RabbitA look into what the year may look like for you.
Read more »
JoJo Siwa Celebrates 2-Year Anniversary Of Coming Out: ‘SO Proud Of 17-Year-Old JoJo’JoJo Siwa is marking a big anniversary. On Saturday, Jan. 21, the 'So You Think You Can Dance' judge took to Instagram to celebrate two years since she came out as openly gay. [readmore label='READ MORE: ' link='https://etcanada.com/news/916834/jojo-siwa-responds-to-backlash-to-her-dislike-of-the-word-lesbian/'] '2 years ago today ❤️🧡💛💚💙💜 now looking back on everything…. I’m SO proud of 17 year…
Read more »
'The soul of CSNY': Neil Young pays tribute to former bandmate David Crosby | CBC MusicDavid Crosby died earlier this week at the age of 81, and today his Crosby, Stills, Nash & Young bandmate Neil Young paid tribute to the musician with a statement on his website. | CBCMusic
Read more »