We think that countries and areas of activity that have been weakest in the last couple of years are likely to see the strongest rebound in growth. Thus, Germany, Italy and the Netherlands should see more marked recoveries than Spain and France, where activity has held up well.

David Rosenberg

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I think that the U.S. consumer is hot to trot. I think you're looking at a first quarter that's going to easily top 10 percent (in retail sales increase) on an annualized basis.

— David Rosenberg

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I think that the U.S. consumer is hot to trot, ... I think you're looking at a first quarter that's going to easily top 10 percent (in retail sales increase) on an annualized basis.

— David Rosenberg

ConsumerFirstHot

has stopped bleeding ... a hiring spree in 2003 looks like a low-odds bet.

— David Rosenberg

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(T)hat's not a recession-maker, but it's a pinch nonetheless - it means a little less steak and a lot more bologna, fewer outings to the nightclub and perhaps one less vacation on the cruise line (but maybe more time at the blackjack table).

— David Rosenberg

The question must be asked as to what psychological impact there may be from this oft-cited [number] ... upon consumer sentiment. The unemployment rate and inflation are the most important determinants of consumer sentiment.

— David Rosenberg

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