Word: sheffe
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...euro bears most watching in 2010," says economist David Rosenberg of investment firm Gluskin Sheff & Associates in Toronto. "The fiscal situation in Greece and Portugal is the most significant test for the euro's expansion in at least a decade...
...other end of the spectrum are the likes of David Rosenberg, chief economist and strategist at Gluskin Sheff. He holds that this year's stock-market uptick can be almost entirely credited to government intervention and stimulus, and that the true, underlying trend of tighter credit and reduced spending will re-assert itself and be with us for years to come. "We have said repeatedly that this recession is really a depression," Rosenberg recently wrote...
...future. "Even though a child can figure out that the year-over-year numbers are going to surge from a depressed base of a year ago, the fact that some market makers feel it is important must make it important," noted strategist David Rosenberg at wealth manager Gluskin Sheff in a Monday report to clients. Such is the power of market psychology...
...everyone sees the program as a win-win. Economist David Rosenberg at Toronto investment firm Gluskin Sheff worries that today's sales boost could lead to tomorrow's sales slump. He likens the current cash-for-clunker boost to the 0% financing that automakers introduced in the aftermath of the 9/11 attacks in 2001. As a result of those incentives, motor-vehicle sales perked up and the economy got a nice boost. "But what all these gimmicks do is bring forward consumption - they don't create anything more than a brief spending splurge at the expense of future performance," Rosenberg...
Economist David Rosenberg, of investment firm Gluskin Sheff & Associates in Toronto, says Canada's trade deficit is the result of an overvalued loonie bumping up against a lingering downturn in U.S. consumer spending. "The Canadian dollar's overvaluation is a major impediment to the manufacturing sector," says Rosenberg, former chief economist at Merrill Lynch in New York City, noting that the loonie has overshot its real value by about...