What passes as normal? Well, today, that is an interesting question.Just reading the newspapers from the past few days, does More Workers Face Pay Cuts, Not Furloughs (New York Times) get you all hot and heavy over a new cyclical bull market? How about Tech Gadgets Steal Sales From Appliances, Clothing (Wall Street Journal) — hey, who cares if the spin cycle on the washer-dryer don’t work no more, I got me an iPad! Amazing.Meanwhile, there is excitement in the air over the view that all we have on our hands is a pause that refreshes. Interesting, however, as to how the bond market isn’t buying it, and why should it when MasterCard processed transactions are flat from where they were a year ago........http://www.investmentpostcards.com/2010/08/09/rosenberg-what-passes-as-normal/
Mr. Rosenberg is the Gluskin Sheff's Chief Economist & Strategist with a focus on providing a top-down perspective to the Firm’s investment process and Asset Mix Committee. Mr. Rosenberg received both a Bachelor of Arts and Masters of Arts degree in Economics from the University of Toronto. Prior to joining Gluskin Sheff in 2009, Mr. Rosenberg was Chief North American Economist at Bank of America-Merrill Lynch in New York and prior thereto, he was a Senior Economist at BMO Nesbitt Burns and Bank of Nova Scotia. From 2001 to 2008, Mr. Rosenberg was ranked first in economics in the Brendan Wood International Survey for Canada, ranked second overall in the 2008 Institutional Investors Survey for the U.S., and was on the Institutional Investor All American All Star Team from 2005-2008. Mr. Rosenberg also ranked 4th out of 104 economists in the 2009 Thomson-Extel survey of global portfolio managers. Mr. Rosenberg also ranked 4th out of 104 economists in the 2009 Thompson-Extel survey of global portfolio managers.
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