David Rosenberg: Never seen someone paint such a bullish economic scenario
By Investment Moats • October 12, 2013
David Rosenberg was very deflationary but switch courses 2 years ago and push high for high quality dividend stocks
3:00 : Pro Inflationary Monetary Policy
5:00: Low bond yields
6:47: Not the 70s inflation, low unemployment by all measures despite low GDP, with zero productivity growth. Unemployment when GDP is at 3% will come down even further
10:00: Wage not increasing, wealth gap will change. He expects capacity to be filled up in the US. Companies have a lot of cash
14:30: The change in perception of jobs
17:10: The effect of this to the market – An investment situation you never see
19:30: Mild Stagflation, steeper yield curve, slow raising raising rates. Financials and insurance companies are good business. Basic materials and gold as inflation rates. Cable Media, Entertainment
22:00: Capital Replacement – Hardware and Software stocks
