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David Rosenberg's 2 Minute Bullet Point Pitch On The USD And The 10 Year
David Rosenberg appeared in the Globe and Mail's Market View segment with a bite-sized, 2 minute segment explaining why he is bullish on the USD (not a big fan of the EUR, and with good reason), and why he continues to be bullish on bonds (although admits that at 2.3% the 10 Year was expensive). A great bullet-point presentation for new to Rosenberg (later today, we will present Jim Caron's latest attempt at redemption, explaining why he sees bond fund flows as indicative of a selloff in bonds. He better get the direction right this year.)
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Rosie seems to be packing on the pounds or is that John Candy
Rosie's New Year's resolution - Eat less American-sourced GMO High Fructose Corn Syrup:
High-Fructose Corn Syrup "Prompts Considerably More Weight Gain" than SugarHigh-fructose corn syrup's big fat secret
Rosie = why pundants are not traders or asset managers.....
Rosenberg seemingly loves maple syrup on his two dozen pancakes for breakfast.
Leggo my Eggo!
Bullish on bonds.....Does Rosy have a history of being bullish at market tops ?
I wonder if he will bet a penny with Peter Schiff on this one.
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Right just more bs from this pig !
He should lost weight. I think he is shorter than me but 3 times heavier...
David sez he is bullish on the dollar when compared with the Euro.
David also sez that "How can we be having inflation, etc, etc?"
These are exactly the same reasons I left Mish and KarlD: "because either they can't see the kleptocracy or they are part of it. Doesn't matter to me either way."
Thanks for this video, I don't have to consider David to be a man of vision anymore.
Betting on dollars versus Euros is like betting on slightly less gasoline soaked rags when a flaming molotov is thrown at you.
*financial spasms* --- like the DT's. euro's will be destroyed faster than usd's this year;
Rosie's been in the penalty box for
so long, he is likely to be right for a
while.
I stopped listening to Rosie, because I couldn't afford the drawdowns to the portfolio. I was scratching my head why Zero Hedge still gives this mental midget continued face time until it dawned on me: the only value Rosie has is as THE contrarian indicator
It's a good call. If stocks are overvalued it's easy to see rates not rising. The D trade.
Everyone loves the stock market after all.. what's not to love about it?.
It's AOM.. All One Market.. Stocks, CRB and Fx.. vs the USD. With 99% on one side of the trade.
I'll stick with half of my portfolio in corporate bonds. The uptick in rates has done little damage.
That really is a strong play. The Fed is backstopping TBTFs, but their earnings may weakan. Why not play their bonds? High yield bond funds are yielding 7.5% now with whatever capital gains occur tacked on -- with damn little risk.
It truly is hard to raise the prices of things no one wants. Food and gas and health care will go up. Housing rents, cars, electronics drag them back down. Net . . . not much.
Not rocket science.
Higher rates would remove the Inflation ( Were all Wealthy again effect) in about 30 seconds.. the bearded one knows this too well..The Mkt knows this.
So we just get a slow decay over time..as real estate values decline. Re is the drag on the consumer Economy.. it's never coming back. A slow drain on their spending psyche, go to a Mall for fun most of them just walk around the place like mall walkers.. some small purchases but it's basically over.
The Shopping Mall now known as 'dead malls' will be the Archaeological Artifact of the consumer age.. studied and excavated as what kind of civilization was this? Who were these people?
Rosenberg is such an idiot....I suspect when he finally turns bullish at DOW 13,000 it is time time to sell. I think Rosie and Prechter should quit their jobs as "economists"