Categories
Gold

Is it time to fight the Fed? This veteran strategist says the central bank won’t risk a 20% drop in house prices and a 30% slide in stocks.

Click here to get this article in PDF

MarketWatch/Steve Goldstein/1-7-2022

cartoon image of Elmer Fudd hunting for Bugs Bunny

“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

Share

The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.