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Argentina's Currency Debate, Biden's Inflation Act Anniversary And David Rosenberg's Bear Market Warning: The Week In Economics
Sunday, August 20, 2023 - 11:03am | 511From Argentina’s currency debates to China’s real estate crisis, the global economic landscape has been rife with developments. Here’s a snapshot of the top stories that shaped the financial world this week. Argentina’s Currency ControversyArgentina’s pro-Libertarian...
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'We Are Heading Into A New Bear Phase:' Economist David Rosenberg Sounds Dire Warning On Key Signal In 'Every Major Average'
Friday, August 18, 2023 - 5:02am | 552Summer doldrums have hit the stock market, which cruised along nicely in the first half of the year following a torrid 2022. What Happened: “We are heading into a new bear phase,” said noted economist David Rosenberg in a post on X, formerly known as Twitter. He noted that every major...
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Economist David Rosenberg Critiques Bill Ackman's US Treasuries Bet: 'Destined To Be As Offside...As He Was On Herbalife'
Saturday, August 12, 2023 - 2:32am | 495Billionaire investor Bill Ackman’s wager against US Treasuries is being criticized by well-known economist David Rosenberg. Rosenberg, the founder of Rosenberg Research, contradicted Ackman’s views on persistent high inflation. He suggested that declining US rents could lead to a...
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Biden-McCarthy Bonhomie, Saudi's Preemptive Move, Elon Musk's Brain Pain And More: 5 Key Stories You May Have Missed From The Weekend
Monday, June 5, 2023 - 8:29am | 670The weekend belonged to the ratification of the budget bill after months of bickering and this is expected to bring much-needed calm to the financial markets. OPEC+, the oil cartel that controls much of the global crude supplies, also took the spotlight during the weekend that went past. Here...
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Economist Flags This As A 'Sure-Fire Recession Signal': 'Economy Is A Dead Man Walking'
Sunday, June 4, 2023 - 12:07pm | 449Consider economist David Rosenberg a member of the bearish camp when it comes to the economic outlook. Many of his recent comments and interviews paint a grim picture. What Happened: Rosenberg wasn't swayed by the strong non-farm payrolls report for May that showed robust job growth. "Investors don...
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Krugman Calls Out DeSantis, Apple-Meta Feud Looms, Bullish Bitcoin Call And More: 5 Key Stories You May Have Missed From The Weekend
Tuesday, May 30, 2023 - 10:59am | 730Memorial Day weekend brought good tidings for the market as President Joe Biden and House Speaker Kevin McCarthy (R-Calif) agreed in principle on a budget deal, raising hopes that a debt default can be avoided. Here’s a recap of a few major headlines that hit the wire: 1. Krugman Sees A...
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Economist Says AI-Fueled Rally Is Reminiscent Of Dot-Com Era: 'Current Environment Is Taking On A Mania Of Sorts'
Saturday, May 27, 2023 - 12:13pm | 625The stock market came roaring back in the second half of this week, thanks to momentum from Nvidia Corp.’s (NASDAQ:NVDA) artificial intelligence-induced earnings that sent the company’s stock, along with the broader technology sector, higher. One economist, however, thinks the stock...
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Economist David Rosenberg Criticizes 'Pathetic' Debt Ceiling Crisis Amid 'Uncle Sam's' Record High Revenue
Saturday, May 13, 2023 - 6:36am | 521Top economist David Rosenberg on Friday called the debt ceiling crisis "pathetic." What Happened: Amid the ongoing debt ceiling standoff between Team Biden and the House of Republicans, Rosenberg took to Twitter to disapprove of the debt ceiling crisis considering that government revenue is near a...
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What Jeremy Siegel, Paul Krugman And 5 Others Have To Say About The Housing Market
Thursday, December 8, 2022 - 12:24pm | 728The alarm is sounding for American homeowners trying to sell their home, as rising mortgage rates frighten away purchasers. And, the U.S. housing market recession is only going to get worse, according to analysts. According to recent data, existing home sales fell 28.4% in October, marking the...
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Result Season Isn't About The U.S. Economy, But The Impact Of The Rising Dollar
Wednesday, April 22, 2015 - 2:15pm | 432The U.S. dollar has seen a tremendous rise in the last couple of months, causing significant impact on the top line and bottom line of multinational corporations (MNCs) who derive most of their revenue from outside the U.S. However, are investors willing to give that a pass and show confidence in...
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Market Wrap For February 10: Markets Cautious Ahead Of Yellen Testimony
Monday, February 10, 2014 - 5:47pm | 3302U.S. stocks traded mixed today as investors are anxiously waiting for Tuesday's testimony from Janet Yellen. Yellen will make her first appearance before the U.S. House of Representatives with a Senate session scheduled for Thursday. Elliot Spar, market strategist at Stifel told CNBC that "...
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Can Bernanke Pull a Rabbit Out of His Hat?
Monday, September 19, 2011 - 12:57pm | 909Is Ben Bernanke a magician? Gluskin-Sheff's David Rosenberg was on CNBC a while ago, and discussed a wide variety of economic topics, including Greece, the financial markets, and the housing sector. What is even more interesting is comments he wrote last week about a potential shock and awe move...
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David Rosenberg Says Bye-Bye To The "Put"
Thursday, August 18, 2011 - 2:38pm | 301Yesterday, Dallas Fed President Richard Fisher talked about the "Bernanke put" and the potential end to it. During the late 1990's and the early 2000's, we had the "Greenspan put." David Rosenberg, the notoriously bearish economist from Gluskin Sheff & Associates is saying good bye to those "...
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Great Depression 2.0: You've Got Nothing
Monday, August 8, 2011 - 12:02pm | 769What was a recession is now starting to look like a full blown depression. Bank of America (NYSE: BAC) is being sued by AIG (NYSE: AIG) for $10 billion. This is both ironic, hilarious and depressing, as AIG nearly caused the financial crisis in 2008, and could lead to starting another with this...
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Operation Twist 2: How to Trade Tomorrow's FOMC Meeting
Tuesday, June 21, 2011 - 9:09am | 538All eyes and ears will be on Ben Bernanke tomorrow, and everyone will be listening and analyzing every single words, dissecting it a million different ways. The Federal Open Market Committee (FOMC) is holding its two-day meeting which starts today, and the decision will be released tomorrow at 12:...