The View Ahead – America

Featuring David Rosenberg, Jason Trennert, Lacy Hunt, Barry Bannister

In the first of a special four-part series for the New Year, we examine the key regions of the world, bringing together a group of experts to discuss the issues that matter for investors. Part one focuses on America and features David Rosenberg on the US economy and Jason Trennert on the impact of fiscal policy, while Lacy Hunt talks bonds and Barry Bannister looks at the US equity market. The View Ahead series continues over the coming days with specials on Asia, Europe and the emerging markets. David is the writer of the economic report, Breakfast with Dave:

Published on
1 January, 2018
Fiscal Policy, Monetary policy, US Economy
34 minutes
Asset class
Equities, Bonds/Rates/Credit


  • JS

    Jose S.

    17 1 2018 21:41

    0       0

    Utilities relative to SPX are already on a 27 yr low.

  • TJ

    Terry J.

    9 1 2018 19:13

    0       0

    Loved it. Excellent concise thought provoking views from four different quarters, with Lacy Hunt's views the most compelling, simply because his track record on American GDP, inflation, and Treasury bond yields has been so accurate for as long as I can remember! Thanks RV!

  • YZ

    Y Z.

    9 1 2018 13:45

    0       0

    Very high quality content! Thumb up!

  • AC

    Andrew C.

    6 1 2018 03:35

    1       2

    Here's the thing about the future. Every time you look at, it changes — because you looked at it — and that changes everything else.

  • CG

    Christine G.

    4 1 2018 08:10

    8       3

    Old tired analyses that inspire little confidence or reflect any creative vision - which is what you want in the midst of so much change. Get Jeff Snider to give another talk and to comment on the coming year.

  • ww

    will w.

    3 1 2018 17:13

    4       0

    About the "missing" transcript - & in a few recent cases, even the Download Audio link: I too was distressed to not see some of those links on some recently-posted videos. But I discovered that the missing items appeared on the presentation's main page a little while later (some of the xcripts seem to lag several days).

    Knowing that us RV viewers have repeatedly expressed the strong desire to reduce the lag times between recording & release of the presentations, I think most of us would prefer to get the videos a bit sooner, at the cost of a bit of delay releasing the audio & xcripts, instead of having to wait until all parts of the presentation release are finished?

  • TL

    Tom L.

    3 1 2018 13:14

    0       0

    Transcript please?

  • RJ

    Robert J.

    2 1 2018 20:14

    3       1

    This is a great format and please use it more often. Of course there is disagreement but the participants back up their opinion with relevant facts. Let the customer decide.

  • TH

    Thomas H.

    2 1 2018 19:52

    3       0

    I am struck how little anyone really knows what a Fed unwind will do to macroeconomics.

  • RI

    R I.

    2 1 2018 13:47

    9       2

    The last guy absolutely nailed it.

  • GS


    2 1 2018 04:23

    6       0

    Disappointed that audio download not available.

  • CM

    Chris M.

    2 1 2018 02:36

    5       1

    David Rosenberg was really good. Agree with most of his comments. Shares thoughts on direction of economy, stimulus, etc. Looking forward to the rest of the video.

  • BT

    Brian T.

    2 1 2018 02:01

    12       0

    Both David and Jason seem to be conventional economists with non-controversial views and very little actionable advice - my hunch is they toe a line close to the market narrative so as to appear imminently reasonable to their institutional clients. However, Barry was the star in my view - his thoughts on higher interest rates (1Q at least) seems to line up with what we are seeing develop in the markets. I was a bit surprised that he was more excited about banks than commodities though.

    None of them discuss currency movements and the impact of same on the equity and bond markets - something I view as a big miss. If the dollar is resuming its decline - and I know this is probably THE question for 2018 and I must admit I can see both sides - then foreign capital will find the U.S. markets less attractive - potentially holding back or depressing equity prices.

    Various commodities appear to be coming to life - or have already come to life - and the market narrative does not appear to have acknowledged this yet. The recent turn in Natural Gas, the minor correction in Oil which now appears to be moving up again, the apparent near-term bottoming and now advancing move of gold, and the move up in copper (look at FCX move in the past few weeks!) all support the idea of a 1Q/2Q move up in commodities.

    The banks have already moved up quite a bit over the past 22 months - I find it hard to believe there is more than another 10-15% up there as a topping move.

    Good luck to all in 2018!

  • JO

    Jay O.

    2 1 2018 01:25

    2       0

    Can I get a transcript of Lacy Hunt's portion?

  • rm

    ray m.

    1 1 2018 23:41

    1       0

    Why is it the older the economist the more pessimistic the outlook?

  • DS

    David S.

    1 1 2018 20:40

    0       0

    The corporation tax cut of 2017 is important. The balance of the tax cut has more to do with the 2018 and 2020 elections. DLS

  • DB

    David B.

    1 1 2018 18:26

    1       0

    Please bear with us while some technical issues are being dealt with on this video.

  • DB

    David B.

    1 1 2018 18:26

    1       0

    Please bear with us while some technical issues are being dealt with on this video.

  • KM

    Kevin M.

    1 1 2018 16:33

    4       20


  • AB

    Aaron B.

    1 1 2018 12:40

    1       0

    Editing issues. :)

  • IC

    Ibrahim C.

    1 1 2018 12:33

    1       1

    This series seems to me exciting at the start until it stopped unexpectedly in its first 10 mins! Any clue how it goes ahead?

  • HJ

    Hiran J.

    1 1 2018 12:31

    1       0

    what happen to the rest of the video?

  • DY

    Dmytro Y.

    1 1 2018 11:36

    0       0

    It appears video is cut at about 8 min at mid conversation of only first guest David Rosenserg

  • AT

    Andre T.

    1 1 2018 11:18

    0       0

    The video abruptly terminates mid-sentance.