Dear Breakfast with Dave readers:

Over the past few weeks I have received emails and phone calls from clients and the media asking whether I have changed my economic and financial market view, and capitulated on my outlook. The catalyst for these requests stems from online posts from April that suggested I’ve “gone bullish.”

At Gluskin Sheff, we make a point of never reacting to the short-term – whether in financial markets or with respect to interpretation of our research. Without responding to the merits of the particular headline or piece in question, I want to share with everyone my research published late last month that clarified my economic and financial market outlook, as well as the firm’s long-term positioning.

As always, please feel free to reach out to myself or anyone on our team if you have any thoughts or questions or would like additional information about Gluskin Sheff.

Best regards,
David Rosenberg

….read it HERE

Click here to read more…

Going back a couple months, this second-quarter sell-off in commodities was being predicted

Click here to read more…

My opinion is that especially this year, sell in May and go away is going to be good advice.

Click here to read more…

The US trillion dollar national debt in 1980 under Reagan was the accumulation of costs for two world wars and social programs, has now become less than a single year’s expenses. So past debt is always debased in value perpetually.

Click here to read more…

The bond bull market is coming to an end. If any of you have bonds I would urge you to go home and sell them.

Click here to read more…