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Add David Rosenberg to List of Those Who Believe Inflation is Transitory

Summary:
Inflation is TransitoryOn April 28, I posted Don't Worry, the Fed Says the Recent Jump in Inflation is Transitory.The title sounds sarcastic, and it is in a way, but my huge disagreement with Powell is not in his transitory message but rather in the amount of current inflation.Inflation Consensus is Wrong Advisor Perspectives noted on May 6, that economist David Rosenberg says the Consensus is Wrong about Stocks, Bonds and Inflation. The “fiscal juice” from stimulus checks and the re-opening of the economy are outstripping supply, creating temporary inflation. Supply will catch up when demand subsides as the effect from the stimulus wanes, according to Rosenberg. That will happen before the end of the year. We don’t and won’t have a trend of inflation, Rosenberg said. Fed Chairperson Jay

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Add David Rosenberg to List of Those  Who Believe Inflation is Transitory
Mike Shedlock
Mike Shedlock (Mish) is a registered investment advisor representative for SitkaPacific Capital Management (http://www.sitkapacific.com/). Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

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