David Rosenberg: "Don't Fight the Fed" works in both directions!

David Rosenberg - Twitter, Released on 8/11/22

The markets believe in the "soft landing" view without realizing that the Fed's primary goal here, by tightening into an inverted yield curve, is to take the punch bowl away. "Don't Fight the Fed" works in both directions, so chasing this could be dangerous to your wealth.

- David Rosenberg (@EconguyRosie) August 11, 2022

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.

David Rosenberg: "Don't Fight the Fed" works in both directions! added by Herman James on 08/11/2022View all posts by Herman James ?+'