David Rosenberg – What Went Wrong?
Greatest Economist Ever?
“Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it” -Albert Einstein
After 13 years at the head of KG Funds, the firm's founder, Ike Kier, has decided to step down and return outside capital to investors. The firm manages around $613 million of assets across its funds and client accounts. According to a copy of the firm's latest investor update, Kier has decided to step down Read More
exactly a year ago that:
- The fed funds rate would be 1.25%
- The 10-year T-note yield would be 3.0%
- WT! would be US$75 per barrel
- The S&P 500 would be at 2,233
- Canadian dollar would trade at 031.16 or 86.2 cents US.
David Rosenberg – Perpetually Optimistic – But A Dose Of Reality Sets In
David Rosenberg – Moving The Goalposts On The ‘Dots’
David Rosenberg – Is This An Apology For The December Rate Hike?
Fed Chairperson Janet Yellen at Economic Club of New York – March 29th 2016
David Rosenberg – McKinsey On Finance: Perspective On Corporate Finance & Strategy
Findings from McKinsey & Company:
“While we cannot say for certain whether these sectors will deleverage, we do know that nearly every significant financial crisis in the post-World War II period was followed by a lengthy and painful period of deleveraging. These episodes lasted on average six to seven years, with total debt as a percentage of GDP declining by muggy 25 percent. GDP contracted in the initial years of deleveraging but rebounded in the later years. If history is a guide, therefore, we would expect a significant period of deleveraging to come, which will dampen GDP growth”
See full slides below.