Overview on Rosenberg’s points from Reformed Broker:

* We are already in recession, and while this one may last awhile, there is no evidence to support claims that this recession will be as catastrophic as the one that began in 2007 (I’ve been saying this for a month now).

* Both gold and Treasurys have more room to run, but tactically-speaking, buyers should hold off at today’s prices as both are overdue for a short-term pullback.

* There’s no reason to be completely out of equities, but one should be underweight the amount of equities they’d own in a cyclical bull market, which this assuredly is not (this mirrors exactly what we’ve done with the stock weightings in the portfolios we’re managing).

* The equities you do own ought to be defensive in nature and not cyclical, they should have good earnings visibility and solid dividends (again, he may as well have been talking my book precisely).

* The best type of stimulus the government could do would be something tied to energy. Natural gas infrastructure build-out for example would put legions of Americans to work and could eventually lead to much lower energy prices for consumers leading to a higher amount of disposable income (long time readers are aware of my nat gas vehicle obsession).

Category: Economy, Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “Rosie on Recession II”

  1. Greg0658 says:

    since the shovel ready projects that David is looking for do not exist … and since he is paper pusher and looking to invoke ideas that he can get on both sides of that of .. (madness off now)

    I agree on the water sewer and road shovel ready projects being a bit off the mark .. great for seniors extracting their hayday pension moneys but without real world churn of capital exponential growth on our own soil .. (of course the reason for absense of shovel ready projects is the fact of regulatory protectionism from all sectors NIMBY)

    getting off our dependance on foreign oil is good for all but the NIMBY oil sectorists .. BHO health care was a step in the right direction but again there is the NIMBY health sectorists .. energy distribution of all types is good forward growth for the country .. underground electrical, wind towers, pipelines for the gases and oils (thru stable soils), smaller closer to useage nukes, radiation solar and geothermal, hydropower advances

    but last – is realizing the need to find export GDP jobs .. not just busy work jobs for our people .. we as a country are awash in junk jobs that eat foreign energy on our cluttered throughfairs so people have money to consume with .. sure we can have 100 more tv stations and all the mechanisms to make them work so people can have work to consume .. but but but

  2. davossherman@gmail.com says:

    These people are just out of their effing minds.

    ” The best type of stimulus the government could do would be something tied to energy. Natural gas infrastructure build-out for example would put legions of Americans to work and could eventually lead to much lower energy prices for consumers leading to a higher amount of disposable income (long time readers are aware of my nat gas vehicle obsession).”

    This effing moron needs to watch this video. Might was well bring gassed concentration camps back.

    http://www.youtube.com/watch?v=l0gVMlf8GeI&feature=player_embedded