David Rosenberg
INFLUENTIAL & PRESCIENT ECONOMIST DAVE ROSENBERG WARNS OF IMMINENT RECESSION & AN EXTENDED BEAR MARKET
Ouch! The S&P 500 ended the first half of the year with its worst performance since 1970, down more than 20%, cementing its bear market status. And the recession drumbeat is getting louder. This morning, leading Wall Street economist, Nancy Lazar told clients “a recession is coming sooner than you think” PiperlSandler’s Global Chief Economist blames “sticky inflation”, “very aggressive Fed tightening, and a “severe corporate profit recession” for her forecast of a mild recession with the economy contracting starting in the final quarter of this year into the first half of next year.
Continue Reading »ROSENBERG: LEARNING CURVE
Having spent years as a top-ranked economist at Merrill Lynch, Dave Rosenberg relocated to his hometown of Toronto, Canada over a decade ago, first at asset management firm, Gluskin Sheff then setting up his own firm Rosenberg Research in 2020. He talks about the difference the move has made in his professional views.
WHY DAVID ROSENBERG IS CONVINCED THAT THE BULLISH CONSENSUS ABOUT THE ECONOMY AND MARKETS IS WRONG
The consensus for the economy is bullish. After a 6.4% annualized increase in real GDP, that’s without inflation, in the first quarter, recent forecasts are for 10% GDP growth in the second quarter, 7.5% in the 3rd, and 5% in the fourth.
As for inflation expectations, they are up. Again the consensus is that the combination of a rapidly rebounding economy, supply shortages and tight labor market will lead to a sustained rise in prices.
Continue Reading »SLOWING ECONOMIES & RECORD LEVELS OF DEBT ARE A DANGEROUS MIX
[box type=”shadow”]Maximizing Medicare benefits, Minimizing healthcare costs with Medicare expert Dr. Katy Votava is our Public Television pledge special this week. Watch the episode here.
In part 2 of our podcast with influential economist David Rosenberg, he addresses the biggest problem currently facing governments, businesses, and consumers as global economies slow, plus where investors can find shelter in the next bear market. Listen to Part 1 here.
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PRESCIENT ECONOMIST DAVID ROSENBERG WARNS OF MOUNTING RECESSION SIGNS
Social Security has been one of the most popular topics on WEALTHTRACK over the years. During public television’s fall fundraising drive we are revisiting our interview with Social Security guru, Mary Beth Franklin who will tell us about an expiring benefit for those born by January 1, 1954, and for younger viewers why tracking your social security account early can pay off. You can watch the episode again here.
NEW THIS WEEK…
Influential economist David Rosenberg lays out a persuasive case for the end of the record-breaking economic recovery in part one of a two-part WEALTHTRACK podcast. Listen to Part 2 here.
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