Posted on 09/19/2014 2:41:33 PM PDT by blam
Elena Holodny
September 19, 2014
David Rosenberg, Chief Economist & Strategist at Gluskin Sheff, surprised everyone when he adopted a more bullish view in 2013.
On Friday he released a research note that included a brief and pretty optimistic summary of the US economy.
Here's what it said:
United States
In the US, the economy is starting to fire on all cylinders for the first time this cycle.
The strong US dollar is a source of margin support for importers which is great news for many consumer cyclicals. Tack on stepped consumer credit growth, job and wage gains, gasoline price relief, and we have the makings of a solid backdrop to this consumer space heading into the most important shopping season of the year.
Capex growth is picking up and spending plans on the rise, and so Industrials and Tech should be price focal areas — earnings revision ratios are now rising the fastest in the Industrials space, followed by Health Care and then Financials.
(snip)
(Excerpt) Read more at businessinsider.com ...
But these items are not included in Consumer Price Index (they're "too volatile"). Ergo, there is no inflation in the economy. Rejoice!!!
You had shoes?
Only for Thanksgiving dinner......
What are you talking about?
I was just scanning through the thread, you and another FReeper were jovially bantering back and forth with pop culture references and then BAM! you went off for no apparent reason to the casual observer, right after he(?) said something about John Wayne.
So, I assumed you must really dislike John Wayne. Are you going to go off on me now, lol?
I know 17,000,000,000,000 reasons why this is bs. Smoke and mirrors
Yeah. It’s a lot of temp jobs.
I thought it had gone to bed.
I_LOVE_THE_SMELL_OF_GREEN_SHOOTS_IN_THE_MORNING_PING!
So, you’re old. You want a prize?
Baghdad Bob seems to have many relatives in the Left-wing - the Fed decides to continue to add trillions to the debt via “purchase” of bonds so the big money can continue to keep the middle class in a state of crushed malaise and we suddenly have a V-8 economy with supercharger in the wings.
Who’s old? What kind of prize?
No, I responded to someone who was joking about my family’s problems with the economy, that’s all. I found it rude and responded. I don’t know why John Wayne even came into this except that this guy had to check me out.
What is this schmuck smoking?
Well after all, there IS an important election coming up in two months......What better way for the MSM to sway the vote than to keep citing Rosenberg?
-— I pray for GOD’S blessings upon you and upon your family. -—
Really? While insulting her repeatedly? I don’t blame her for getting PO’d.
You’ve got to do what you’ve got to do in this economy, I’d never mock anyone who is going through a tough time. Been there myself, still clawing my way out. Give thanks to God for what you do have, and lift your burden up to Him. Be open to an answer that might not be what you expected. I’m sorry to have added to your upset if I did.
Not at all, you are a truly kind person. Yes, we live in hard times but I pray God will see us through.
Thank you.
Probably true for the top 1% and politically connected corporations. The rest of us are scheduled to die of Ebola by next June, anyway. :)
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