The Globe and Mail - Brian Milner Columns

David Rosenberg: 'I think people are still in denial'

Wed, 20 May 2009 07:28 EDT

Merrill Lynch's chief North American economist, Canadian David Rosenberg, had an up-close look at the spectacular collapse of the credit markets. Brian Milner asks him for his view on when this economic malaise may come to an end

'I think people are still in denial'

Wed, 20 May 2009 00:00 EDT

As Merrill Lynch's chief North American economist, Canadian David Rosenberg had a front-row seat for the spectacular collapse of the U.S. housing market, the meltdown of the credit markets, the evaporation of trillions of dollars of household worth and the destruction of several of Wall Street's most storied firms. If the people running those shops, including his own, had paid closer attention to his early dark warnings, they might still be occupying their lavishly furnished corner offices today.

The market rally is missing something big: U.S. consumers

Sat, 16 May 2009 00:00 EDT

bmilner@globeandmail.comIn the latest example of what qualifies as good economic news these days, we learned yesterday that U.S. industrial output fell last month by a mere 0.5 per cent, the best showing since last October. And the New York Fed's manufacturing index, a measure of how operators in the region are feeling about conditions, shot up to minus 4.6, its best reading in eight months. Wow! Break out the champagne.

Market rally hits a snag

Fri, 15 May 2009 18:53 EDT

No green shoots matter until U.S. housing fixed

China's commodity imports brighten global trade picture

Wed, 13 May 2009 00:00 EDT

Glimmers of a government-fuelled recovery in China are boosting that country's imports of certain key commodities and buoying hopes of a rebound in global trade from its historic collapse.

Economy on verge of turnaround, leading bankers say

Tue, 12 May 2009 00:00 EDT

The global economy has stopped its steep slide and is on the verge of making the long, slow climb back toward stability, the world's leading central bankers say.It is the latest in a vote of confidence from key financial policy makers that aggressive government intervention is thawing the frozen credit markets and beginning to arrest the worst economic slump since the Great Depression.

Recovery within sight, central bankers say

Mon, 11 May 2009 20:29 EDT

Citing �inflection point' in recessionary cycle, world's central bankers now have support of Soros, OECD

Economy headline here

Mon, 11 May 2009 17:50 EDT

Blurb here

Next shoe to drop? The other real estate market

Sat, 9 May 2009 00:00 EDT

bmilner@globeandmail.comSo it turns out that after sucking in billions upon billions of public dollars, the U.S. banking system is more or less a going concern. At least that's the upbeat verdict pronounced by U.S. regulators after putting the 19 biggest banks through their much-ballyhooed stress tests.