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Notes to myself, possibly of interest to others.
-- Bill Northlich

Monday, June 27, 2011

Rosenberg Daily Soundbites

  • The action is rather mixed to start off the day and week; the U.S. dollar is relatively firm; inflation expectations should now be coming down with commodity prices slipping
  • The “smart money” is turning increasingly less bullish while the downward price trend is intact; if the stock market continues to weaken and home prices remain on their downward path, we will start to see household wealth contract again
  • An artificial recovery: Indeed, this 2009-2011 recovery and cyclical bull market has been as artificial as the 2003-07 expansion
  • We’re bullish! Yes we are ... on income

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