MarketWatch/Steve Goldstein/1-7-2022
“David Rosenberg, chief economist and strategist at Rosenberg Research and the former chief North American economist at Merrill Lynch, isn’t buying the tough talk from the Fed. ‘One should be skeptical of the Fed’s forecasts, given the poor track record, even though investors treat them (and the dot plots and FOMC minutes) as gospel,’ he says.”
USAGOLD note: We agree with what Rosenberg is saying. The Fed can’t jump on the brake without causing a fiery rollover. Rosenberg is among the group of market savants that does not take Elmer Fedd seriously.
Image attribution: Elmer Fudd and Bugs Bunny, Warner Bros. Cartoons, CC BY-SA 4.0 <https://creativecommons.org/licenses/by-sa/4.0>, via Wikimedia Commons
