The Traderszone Network

Published in TZ Latest News 5 May, 2014 by The TZ Newswire Staff

Bank of America Has Some Words For David Rosenberg: "Don’t Hold Your Breath" On Rising Wages

Back in mid-2013 David Rosenberg infamously flip-flopped from deflationary bear to inflationary bull. That’s ok – everyone has a right to change their mind (for whatever reason, even if said reason involves a direct interest in selling more newsletter subscriptions).

However, the catalyst that Rosenberg saw as the progenitor to a broad inflationary wave in the US economy was a surprisingly weak one: wage inflation and rising labor costs.

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