The Big Picture (Free subscription) | yesterday
Merrill Lynch’s David Rosenberg notes that last week’s pop was the eighth bear market rally since October 2007. They ranged in strength from 8% to over 24%. Each one was treated as if the bottom had been made. Each one saw a subsequent lower low. (excepting the most recent one that ended last week). These included: The TAF [...]
The Big Picture (Free subscription) | yesterday
Merrill Lynch’s David Rosenberg notes that last week’s pop was the eighth bear market rally since October 2007. As the chart below shows, they have ranged in strength from ~8% to over 24%. Each one was treated (”enthusiastically”) as if a bottom had been made. Each one saw a subsequent lower low, excepting the most recent one [...]
Right Mind (Free subscription) | yesterday
David Rosenberg, the North American economist of Merrill Lynch, provides six reasons we’re not...( read more )
Safehaven (Free subscription) | yesterday
The reality is that things continue to deteriorate. Today's stock market action shows that we are not of the bear market woods just yet. Rosenberg gives us a few reasons why.
SACO INVEST (Free subscription) | yesterday
By David Rosenberg, North American Economist, Merrill Lynch 1) Expect the worst recession in the post-WWII era First, this is going to be the worst recession in the post-World War II era, in our view. The ECRI leading indicator hit a record low for the fifth week in a row – down to - 29.2 as of the November 21st week versus -28.2 the week before. This index, which leads real GDP by two...
San Fransisco Chronicle (Free subscription) | 01/12/2008
David Rosenberg-Wohl gazed at the double latte he'd ordered in a cafe just north of the UC Berkeley campus. "Do you realize this cup of coffee comes to us by way of the Jews of Italy?" he asked. "In 1632." He should know. Rosenberg-Wohl is the curator of an...
The Big Picture (Free subscription) | 29/11/2008
... had warned about derivatives years prior. Even Merrill Lynch, and their savvy chief economist David Rosenberg, noted in August of 2004 the potential damage the housing and credit boom and bust could cause. Rubin blamed financial system, not any errors of his own at Citi. And his defense of Greenspan is, in my opinion, the work of a guilty conscious. He and Greenie both supported,...
Forbes (Free subscription) | 28/11/2008
... would turn such plans into financial disasters.Merrill Lynch (nyse: - - ) chief economist David Rosenberg expects prices to fall at an annualized 1% or 2% a year from now, and lays 50-50 odds the drop will continue through the first half of 2010."It's going to be a very steady and significant decline," Rosenberg says. "You have deflation in commodities, labor markets, assets...
