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Written by David Rosenberg - Gluskin Sheff
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Monday, 07 June 2010 07:04 |
In today's issue of Breakfast with Dave
• While you were sleeping: global equity markets are selling off; the commodity complex is following suit; investors are fleeing to the relative safety of Treasuries
• Bad session, bad week: U.S. stock markets plunged on Friday, and on higher volume; market volatility surging; U.S. dollar has broken out to new highs
• Volatility the hallmark of a bear phase: in the last 30 trading days, the difference between the intraday low and high in the Dow has exceeded 200 points in 23 session
• A few more disturbing U.S. employment tidbits
• Growth slowdown coming: the ECRI weekly leading index growth rate is just basis points away from going below zero
• It’s still all about deflation
• Income works in a deflationary backdrop
....read more HERE
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