A Clouded Consumer Outlook

Households are getting frugal… big ticket purchase plans are stuck at recessionary levels

Highlights

• Households are getting frugal… big ticket purchase plans are stuck at recessionary levels

• If history is any indicator, the bond rally is just starting to unfold

• Contracting money aggregates and credit highlight recessionary and deflationary tail risks

• Greed and complacency are starting to show in equities

While We Were Sleeping

I just want to take this opportunity to wish everyone a Happy New Year. To happiness, good health, and success in every meaning of the word for 2024. Not to mention a very big wish for world peace. Thank you for your loyalty and patronage and remember that part of the service here at Rosenberg Research for our Premium Clients is that you can email me with comments, criticisms, and queries at any time in our information inbox. My New Year’s resolution is to improve on our forecasting capacity and to become more accountable when our calls go awry.

My request for all of you is… to keep me on my toes! I relish the debates and the client engagement; and even at the ripe young age of 63, I am always yearning to learn from you folks even as I do my best to provide you all with the tools to make well-informed investment decisions. Be well and be safe.