43 Total Quotes

David Rosenberg Quotes

There's nothing in the tea leaves telling us we'll be seeing much labor-market buoyancy for several months.
David Rosenberg
#Labor

Confidence declines of this magnitude typically happen around 'shocks' or 'events,' ... We don't really know what the 'shock' was this time around, but maybe we'll find out when [the] non-farm [payroll report] is released on [Friday].
David Rosenberg
#Confidence

I'm not seeing any sort of big broadening out of inflation from the energy side. That's probably the overriding story.
David Rosenberg
#Energy

Companies will eventually run out of ways to squeeze more efficiency from the existing workforce. When that happens, they'll step up the pace of hiring.
David Rosenberg
#Efficiency

We estimate the near-term loss in terms of output, employment and income in the affected area coupled with the surge in energy costs that impacts everyone will offset any future rebuilding by a factor of two to one.
David Rosenberg
#Income

We are clearly in a state of economic uncertainty and the prudent thing to do in such times is to do nothing at all.
David Rosenberg
#Uncertainty

There is no question that these are trends that are going to add to people's anxiety and the process has already started.
David Rosenberg
#Anxiety

(W)hat we are likely to see in Germany is the best year for consumer spending in a half decade. As a measure of how much pent-up demand there is in Germany, the average age of the auto fleet is at a record eight years.
David Rosenberg
#Germany

The only reason I'm calling for a rate hike is because that's what they told us they are going to do.
David Rosenberg
#Reason

There is no doubt that when I speak to hedge funds and real-money investors, they have some questions. They say that he has to prove his credentials right away.
David Rosenberg
#Doubt

There is a historical pattern that everyone should be aware of because each of the past three newly appointed Fed chairman began their tenure with a quick succession of interest rate hikes.
David Rosenberg
#Past

Katrina's effects are being felt nationally-on the nation's transportation arteries, supply chains, chemical plants, airlines, leisure/hotels, gasoline prices everywhere and retailing. The commercial impact is widespread.
David Rosenberg
#Leisure

As for the employment report, I think there's a danger of overreacting over the message from it because this was the third warmest January in the past 112 years.
David Rosenberg
#Danger

A sharp double-digit drop in natural gas prices and a decline in fuel oil and electricity prices drive our call.
David Rosenberg
#Electricity

The glue that kept the consumer market together the last few years was the wealth effect from the housing boom.
David Rosenberg
#Wealth

When rates back up, growth slows ... quickly. Fully three-quarters of the time in the past five years when we endured a bond yield spasm like we have seen since mid-January, GDP (Gross Domestic Product) growth slowed the following quarter and by an average of one percentage point.
David Rosenberg
#Growth

When rates back up, growth slows quickly. Fully three-quarters of the time in the past five years when we endured a bond yield spasm like we have seen since mid-January, GDP (Gross Domestic Product) growth slowed the following quarter and by an average of one percentage point.
David Rosenberg
#Growth

When rates back up, growth slows … quickly. Fully three-quarters of the time in the past five years when we endured a bond yield spasm like we have seen since mid-January, GDP (Gross Domestic Product) growth slowed the following quarter and by an average of one percentage point.
David Rosenberg
#Growth

When rates back up, growth slows . . . quickly. Fully three-quarters of the time in the past five years when we endured a bond yield spasm like we have seen since mid-January, GDP (gross domestic product) growth slowed the following quarter and by an average of one percentage point.
David Rosenberg
#Growth

Fully three-quarters of the time in the past five years when we endured a bond yield spasm like we have seen since mid-January, GDP (gross domestic product) growth slowed the following quarter and by an average of one percentage point.
David Rosenberg
#Past

That's a significant statement. We are hedging our bets and don't see a great risk in doing it.
David Rosenberg
#Risk

Energy and raw material demand in China has been one of the key drivers behind the strength in commodities. If China is raising rates and trying to slow growth, then we may see some tempering in those pressures.
David Rosenberg
#Energy

The economy was already clearly losing momentum heading into Katrina.
David Rosenberg
#Economy

Technology is helping productivity. But right now it's coming at the expense of employment.
David Rosenberg
#Productivity

So many clients are telling us that we are just plain wrong and there is inflation everywhere. But ... the bulk of these complaints come from folks who have kids in college ... Prices set according to supply and demand are flat or falling for the most part.
David Rosenberg
#Inflation

As the economy continues to slow and inflation remains benign we expect the Fed will be in easing mode by the second half.
David Rosenberg
#Economy

A year ago, 'deflation' was dripping off everybody's lips. Today, core inflation is off its low, but it's about the same as it was a year ago, yet all anybody can talk about is how far the Fed will hike.
David Rosenberg
#Inflation

It's a very strange mix, ... It may signal some kind of slowing, but I think I'd have to see a lot more evidence of that. It doesn't appear that consumer consumption is slowing in any meaningful way.
David Rosenberg
#Kind

There is the pre-Katrina economy and the post-Katrina economy. Any number that's going to be important for stocks and bonds is not going to be in government reports. The most important data near-term are going to be energy futures. Those are going to be key indicators as far as interest rates are concerned.
David Rosenberg
#Economy

It is basically a subtle way to flash to the market that the negative economic consequences are resonating and that the Fed may not just look at this as a temporary soft patch this time.
David Rosenberg
#Consequences