Wall Street bear David Rosenberg warns US consumer spending is in a danger zone (via CNBCFuturesNow)
But Gluskin Sheff's David Rosenberg warns the U.S. consumer is in a danger zone, suggesting a bubble is lurking.
"The pundits on bubblevision seem to make their living staring at the hood instead of checking out the engine ... which is sputtering from a real income perspective," he wrote. "Spending in the consumer space will converge in due time, don't doubt that for a second."
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