Got Gold? David Rosenberg Warns “We’re Going To Have Helicopter Money”

• Got Gold? David Rosenberg Warns “We’re Going To Have Helicopter Money”
  by Christoph Gisiger via TheMarket.ch, via https://www.zerohedge.com/
  David Rosenberg, Chief Economist & Strategist of Rosenberg Research, doesn’t believe in the sustainability of the stock market rally, and warns that investors may be disappointed at the end of the year. He is bullish on energy stocks – and predicts that the gold price will surge to $3000.
  –
  Mr. Rosenberg is also the author of Breakfast with Dave, a daily distillation of his economic and financial market insights.
  –
  “At this level, many things have to go optimally so that the prices are higher at the end of the year,” comments David Rosenberg on the growing complacency among investors.
  –
  The renowned economist and strategist is one of the most profound experts on the U.S. economy and one of the last remaining skeptics to warn of a correction. His bearish view is based on exorbitantly high equity valuations and over-optimistic earnings expectations. He also thinks that the US consumer sector is in worse shape than the consensus believes.
  –
  Rosenberg, who recently launched his own economic consulting firm, explains in this extensive interview with The Market/NZZ why he is pleasantly surprised by the phase one agreement between the United States and China, why the Federal Reserve’s balance sheet is currently the most important determinant for the financial markets, and why he is betting on gold, Treasuries, energy stocks and emerging markets.
  –
  read more.

end