David Rosenberg of Gluskin Sheff was on Consuelo Mack’s WealthTrack this weekend to offer his investment and economic outlook. Rosenberg explains how the three D’s of deleveraging, deflation and demographics will hold back the economy. He also offers his perspective on a broad range of topics including corporate earnings, Europe, the Presidential elecion and several other macro topics. Although he’s not terribly optimistic about the economy in the near-term he does think this leg down in the economy will ultimately prove to be a good buying opportunity.
Regarding specific investment ideas he provides the outlook for SIRP (Safety and Income at a Reasonable Price):
- Corporate bonds
- High quality stocks
- Income generating resource plays
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.