Rosenberg Daily Soundbites

• Remember — inflation’s a lagging indicator: The bump-up we are seeing now, as was the case in 2008, is reflecting a variety of factors that are now behind us such as an improvement in economic growth
• U.S. debt ceiling issue: The message yesterday from the markets — stocks, bonds and the U.S. dollar — is that they are now paying much more attention to the debt ceiling issue than they were before
• Overall retail sales were tepid but there are some bright spots