Star economist David Rosenberg is sticking to his guns that the economy and the stock market are in trouble.
He wrote in a letter to clients of his firm Gluskin Sheff + Associates that some of them say he’s too bearish, and other believe he’s changing his views when he mentions positive news.
“I am not changing my macro or market view, but merely providing some color on why it is that the equity market refuses to go down even in the face of what has been a slate of disappointing economic news over the course of the past month,” Rosenberg wrote, according to the Financial Times. (more)
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