MarketWatch/David Rosenberg/5-23-2022
“The U.S. stock and the bond markets are finally in the process of catching up with our views. We always believed these past two years represented a fake bull market built on sand, not concrete. And frankly, we also remain steadfast of the view that the inflation scare is going to pass very soon — the bull market is in extrapolation and hyperventilation by economists, strategists, pundits, and media types who can’t seem to see past the tips of their noses.”
USAGOLD note: Rosenberg sees the slowdown as already underway, cratering stocks and increased demand for bonds. He does not mention gold in this short article. However, in early 2020 he predicted it would soar to new historic highs – with $3000 “not beyond the realm of possibility.”
