Tag: master limited partnerships

WOMEN, INVESTING AND RETIREMENT, PART ONE

June 28, 2013

American women control $8 trillion in assets, yet the traditional wealth management approach doesn’t necessarily work for women’s needs. In the first of our two part series on Women, Investing and Retirement, Consuelo speaks with Morgan Stanley’s award-winning financial advisor, Ami Forte, and GenSpring’s Senior Strategist, Jewelle Bickford on how women can start taking ownership of their financial power.

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David Darst: Should You Trust the U.S. Financial Markets?

September 14, 2012

Is the cult of equity dying, as bond king Bill Gross recently opined in his monthly investment outlook? Gross runs the world’s largest and one of its most successful bond funds, the PIMCO Total Return Fund and is one of the country’s most influential investors and prognosticators. As Gross’ chart, “Stocks For The Really Long Run” shows, stocks, with their 6.6% annualized inflation adjusted returns, have vastly outperformed bonds and cash over the last one hundred years; a fact chronicled by Wharton professor Jeremy Siegel in his investment classic, Stocks For The Long Run. Gross maintains this track record is unsustainable for a number of reasons, not the least of which is PIMCO’s expectation that the economy will grow at a much slower pace for the foreseeable future.  Under PIMCO’s now famous “new normal” forecast, real GDP should crawl along at 1-2% a year versus the historical average of 3.5% in the post-war era.
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David Rosenberg: Financial Thought Leader

July 13, 2012

This week, we are sitting down for an in-depth interview with one of the handful of prognosticators who has gotten it right going into and through the rolling global financial crisis we are experiencing to this day. He is Financial Thought Leader David Rosenberg, chief economist and strategist at Toronto-based wealth management firm Gluskin Sheff. Dave returned to his native Canada in 2009 after spending many years as Chief North American Economist at Merrill Lynch, where Institutional Investor magazine placed him on their coveted “All American All Star Team” from 2005-2008.
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David Rosenberg: Financial Thought Leader

July 13, 2012

Financial Thought Leader

This week, we are sitting down for an in-depth interview with one of the handful of prognosticators who has gotten it right going into and through the rolling global financial crisis we are experiencing to this day. He is Financial Thought Leader David Rosenberg, chief economist and strategist at Toronto-based wealth management firm Gluskin Sheff. Dave returned to his native Canada in 2009 after spending many years as Chief North American Economist at Merrill Lynch, where Institutional Investor magazine placed him on their coveted “All American All Star Team” from 2005-2008.

WEALTHTRACK Episode #0903; Originally Broadcast on July 13, 2012

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David Rosenberg

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DAVID ROSENBERG

Chief Economist and Strategist



Gluskin Sheff

Consuelo Mack
This week, through minutes released from the Federal Reserve’s June policy meeting, we learned that Fed officials are growing increasingly concerned about the nation’s growth, European risks and a more pronounced slowdown in China. So are investors. As of Thursday’s close, the Dow and the S&P 500 were experiencing a six session losing streak, the longest in nearly two months. According to Bloomberg, analysts estimate profits for S&P 500 companies fell 1.8% in the second quarter, the first decline since 2009.

U.S. Treasury securities on the other hand are benefiting from a global aversion to risk. The government auctioned both 10-year notes and 30-year bonds at record low borrowing costs this week. The so-called long bond offered a yield of 2.58% at today’s sale.

These developments are just what this week’s guest has been predicting for years now. We are sitting down for an in-depth interview with one of the handful of prognosticators who has gotten it right going into and through the rolling global financial crisis we are experiencing to this day.

He is Financial Thought Leader David Rosenberg, Chief Economist and Strategist at Toronto-based, wealth management firm Gluskin Sheff. Dave returned to his native Canada in 2009 after spending many years as Chief North American Economist at Merrill Lynch, where Institutional Investor magazine placed him on their coveted “All American All Star Team” from 2005-2008.

Rosenberg took on the bullish Wall Street herd as early as 2004 when he started warning about the developing housing and credit bubble which, as he predicted throughout, would wreak havoc on the financial system and many world economies. He hit the nail on the head again last year forecasting the global economy would slow and that Treasury bond yields would fall, another homerun. In his influential and widely read daily “Breakfast with Dave” reports he ranges across the globe covering everything from Europe to the BRICs, to the U.S. presidential campaign and everything of financial import in between.

What does Dave Rosenberg see in his crystal ball now and why did he write in a recent report that “the future is brighter than you think”? I will ask him, starting with the most important patterns he sees in the economy and markets.

As always, if you can’t join us at the appointed hour on your local public television station, you can watch the show on our website as a podcast or streaming video. You can also find the One Investment picks of our guests and my Action Points there.

For those of you who would like to see our program 48 hours in advance of the broadcast, you can subscribe to our WEALTHTRACK PREMIUM subscription service on the website.

Have a great weekend and make the week ahead a profitable and a productive one!

Best regards,

Consuelo
Mathews Asia

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DAVID ROSENBERG

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