David Rosenberg: this is a “Potemkin market”

David Rosenberg, chief economist, Gluskin Sheff

This is a “Potemkin market”, says David Rosenberg of Gluskin Sheff – it might look normal on the surface, but dig deeper and it’s anything but. Even “after ten years of free money” from central banks, “we are stuck in a deflationary debt trap”, the oft-bearish analyst argues. This unpromising, disinflationary backdrop has helped to prop up equities, but only because low interest rates have enabled companies “to buy back...
source: Money Week

2019-08-13 15:17
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