Veteran Economist Suggests Trump Rally Caution

Contrarian economist David Rosenberg, chief economist and strategist at Toronto-based Gluskin Sheff & Associates, offers market insights in a recent interview with Barron’s. Here are some highlights: View on U.S. economy: “We’re going to average close to 2% real GDP growth this year, well below consensus.” Rosenberg doesn’t think the economy will “break out to the upside,” saying that there will be offsets to proposed tax relief, deregulation and capital repatriation including potential trade tariffs and protectionism. Aging baby boomers: “It doesn’t get a lot of press” says Rosenberg, “but it is extremely important.” He says there will be 1.5 […]