Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich

Monday, June 6, 2011

Rosenberg Daily Soundbites

  • The U.S. economy has clearly hit stall speed
  • The labour market is still in horrible shape and the fiscal cupboard is now bare
  • This is not a textbook recovery and that is because we came off a balance sheet recession, not a plain-vanilla manufacturing inventory cycle
  • Looking underneath the hood, we see that cyclical stocks have underperformed defensive stocks
  • High-yield bonds are looking less junky over time
  • So long as monetary officials are going to keep real short-term interest rates on the floor or in some cases (like the U.S.A.) in negative territory, the uptrend in gold will continue unabated

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