Gundlach: Consumer sentiment is at recessionary levels… David Rosenberg warns of a massive market bubble that could pop this year

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Fed Chair Powell Says Rate Hikes, Tighter Policy Will Be Needed To Control Inflation

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Federal Reserve Chairman Jerome Powell declared Tuesday that the economy is both healthy enough and in need of tighter monetary policy.

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David Rosenberg warns of a massive market bubble that could pop this year

  • David Rosenberg warned of sprawling asset bubbles and predicted a painful correction.
  • The Rosenberg Research boss suggested tighter monetary and fiscal policies could fuel deflation.
  • Rosenberg said US households have overinvested in stocks, and suggested buying Treasury bonds.
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