Rosenberg

Breaking Down The Bull Market Thesis

"Considering that forward estimates are generally overstated by 33% on average, the risk is high of disappointment... The risk for investors is “willful blindness” that builds when complacency reaches extremes. It is worth remembering that the bullish mantra we hear today is much the same as it was in both 1999 and 2007."

Canadian Home Sales Crash In June

The Canadian Real Estate Association says home sales in June posted their largest monthly drop since 2010, with the Greater Toronto market leading the decline.

Donald Trump Meets Vladimir Putin: Here Is The "Historic" Handshake

While the first official bilateral meeting between president Donald Trump and Russian president Vladimir Putin is still some three hours away, moments ago the two presidents finally met unofficially as the Group of 20 leaders met in Hamburg, at which point Trump and Putin shook hands.

When Will The Fed Tighten Enough To Cause The Next Recession?

In trying to answer "When will the Fed tighten enough to cause the next recession", Deutsche Bank says that while current market expectations suggest the next recession (or at least the next Fed tightening that would be forceful enough to cause a recession) could still be many years away, the bank "thinks this is too optimistic." Here's why

Jihad In Denmark

Danish Minister of Justice Søren Pape said it is "insane" that people such as the imam "exist in Denmark"... "It is deeply unsympathetic," he said. "These are medieval thoughts and it makes me very sad that in Denmark in 2017 there are still people who really have not evolved further."