David Rosenberg Bond Quotations

When rates back up, growth slows quickly. Fully three-quarters of the time in the past five years when we endured a bond yield spasm like we have seen since mid-January, GDP (Gross Domestic Product) growth slowed the following quarter and by an average of one percentage point.

When rates back up, growth slows quickly. Fully three-quarters of the time in the past five years when we endured a bond yield spasm like we have seen since mid-January, GDP (Gross Domestic Product) growth slowed the following quarter and by an average of one percentage point.

When rates back up, growth slows ... quickly. Fully three-quarters of the time in the past five years when we endured a bond yield spasm like we have seen since mid-January, GDP (Gross Domestic Product) growth slowed the following quarter and by an average of one percentage point.

When rates back up, growth slows . . . quickly. Fully three-quarters of the time in the past five years when we endured a bond yield spasm like we have seen since mid-January, GDP (gross domestic product) growth slowed the following quarter and by an average of one percentage point.

For every pricing power story the Fed hawks and bond bears can find, we can probably match in the opposite direction.

Here's the story for equities: twin deficits, a weak dollar, accelerating inflation concerns, firm commodity prices, rising bond yields and Fed tightening. Now if that doesn't sound like 1987 (the year of the stock market crash), we don't know what does.

There is the pre-Katrina economy and the post-Katrina economy. Any number that's going to be important for stocks and bonds is not going to be in government reports. The most important data near-term are going to be energy futures. Those are going to be key indicators as far as interest rates are concerned.

Fully three-quarters of the time in the past five years when we endured a bond yield spasm like we have seen since mid-January, GDP (gross domestic product) growth slowed the following quarter and by an average of one percentage point.