U.S. Economy Remains `Very Soft,' Rosenberg Says
April 26 (Bloomberg) -- David Rosenberg, chief economist and strategist at Gluskin Sheff & Associates, talks about data on U.S. first-quarter gross domestic product released by the Commerce Department today and outlook for the economy.
GDP grew at a 2.5 percent annual rate, lower than forecast, as a drop in defense spending outweighed the biggest increase in consumer spending in two years. Rosenberg speaks with Betty Liu and Michael McKee on Bloomberg Television's "In the Loop." (Source: Bloomberg)