But Gluskin Sheff's David Rosenberg warns the U.S. consumer is in a danger zone, suggesting a bubble is lurking.
"The pundits on bubblevision seem to make their living staring at the hood instead of checking out the engine ... which is sputtering from a real income perspective," he wrote. "Spending in the consumer space will converge in due time, don't doubt that for a second."
FuturesNow FastMoney While David is very nice, if you listened to him for the past decade you would have gotten crushed on a relative basis. Maybe it’s time you beg Michael Darda from MKM to come back on. He has nailed the markets since 2007!
FuturesNow David should shop at Target more often.
FuturesNow David Rosenberg: It’s ‘late in the game’ for market and economy - OCT 26 2016
FuturesNow David Rosenberg: Cautious on the Trump Rally - February 25, 2017
FuturesNow David Rosenberg warns of recession - Jun. 5, 2016
FuturesNow BEaR enough said.
FuturesNow Rosenberg should be paid based on his results. He would be in a different business. WRONG FOR A DECADE!
FuturesNow We cares, Trump and his goons just tweet and save this market with lip service? I massive bubble in debt is building
FuturesNow keep spreading the lie!!!!!!!
FuturesNow The exotic debt structures that existed before the GFC are no longer in play in this part of the cycle. So, I don’t know how this bear story has legs to stand on. Debt to income ratios are far better than 07. And, the quality of debt is vastly superior to GFC. DataDependent
FuturesNow Someone better tell Kenny Loggins.
FuturesNow he said it bc he's against Trump ? 😳