Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136
Secure Private Ordering
We use the latest online security processing,
so your order is safe & private.
We DO NOT disclose any customer
information to ANY third party company.
Our customer privacy is our priority.
Over 30 Years Experience
Park Avenue has over 30 years
experience buying and selling
Rare Coin and Precious Metals.
We have the knowledge and
ability to provide our customers
with the best products and services.
Are Stocks Overvalued?
12.15.23 - Are Stocks Overvalued?
Gold last traded at $2,018 an ounce. Silver at $23.85 an ounce.
The Fed is quietly signaling that stocks are overvalued and a recession is almost certain, top economist David Rosenberg says -Business Insider
Investors sent the Dow Jones Industrial Average to a record high on Wednesday after the Federal Reserve signaled that the inflation threat was fading and that it expected to cut interest rates three times in 2024. They may be celebrating too soon, David Rosenberg has warned.
The Fed chair, Jerome Powell, struck a positive tone after the central bank's latest meeting. He pointed to the pace of price growth slowing markedly in recent months, unemployment hovering at historic lows, and economic output proving resilient.
Yet Rosenberg, a veteran economist who's the president of Rosenberg Research, said in a pair of X posts on Wednesday that the Fed's latest growth projection suggested stocks were overpriced and a recession was virtually guaranteed.
