Cambridge House International Inc., Released on 7/10/21
David Rosenberg offers a counter-argument to the inflation narrative – demographics, death, and disruptive tech equals deflation. David believes that the inflation narrative is noise, and that ‘runaway inflation’ is backed only by headlines and not data. He also argues that housing is massively overvalued and that the real estate bubble will burst when interest rates rise.
David Rosenberg is the chief economist & strategist of Rosenberg Research & Associates, an economic consulting firm he established in January 2020. He received both a Bachelor of Arts and Masters of Arts degree in economics from the University of Toronto. Prior to starting his firm, he was Gluskin Sheff’s chief economist & strategist. Mr. Rosenberg was also chief North American economist at Bank of America Merrill Lynch in New York and prior thereto, he was a senior economist at BMO Nesbitt Burns and Bank of Nova Scotia. Mr. Rosenberg previously ranked first in economics in the Brendan Wood International Survey for Canada for seven straight years, was on the US Institutional Investor All American All Star Team for four years, and was ranked second overall in the 2008 survey.
LMAO, all these bozos predicting deflation. This moron and Lacy Hunt. We shall see what happens. I already know what is going to happen.
Hunt is very far from being a “moron.” Deflation comes in many flavors…like a commercial real estate collapse where all those “printed out of nothing”
currency units evaporate on tens of billions in loan defaults. The Fed cares not what we pinons have to pay for food, rent, gas etc. That is this the deflation these criminals are worried about (And lacy isn’t a criminal but he knows what they are concerned about.)
BTW This is another deflationary the banking cartel is worried about…when loans go unpaid or default – it is deflationary. Banks absolutely fear deflation.