The David Lin Report, Released on 12/29/25 (Recorded on 12/23/25)

David Rosenberg, President of Rosenberg Research & Associates, argues that the strong GDP numbers are misleading because the labor market is weakening and consumers are spending their savings rather than earning more income.

0:00 – Intro.
1:15 – GDP Report and growth analysis
7:28 – The Fed
14:29 – Rolling recession
17:08 – Unemployment, rising prices, and prediction markets
26:23 – 2026 outlook

David Rosenberg is the chief economist & strategist of Rosenberg Research & Associates, an economic consulting firm he established in January 2020. He received both a Bachelor of Arts and Masters of Arts degree in economics from the University of Toronto. Prior to starting his firm, he was Gluskin Sheff’s chief economist & strategist. Mr. Rosenberg was also chief North American economist at Bank of America Merrill Lynch in New York and prior thereto, he was a senior economist at BMO Nesbitt Burns and Bank of Nova Scotia. Mr. Rosenberg previously ranked first in economics in the Brendan Wood International Survey for Canada for seven straight years, was on the US Institutional Investor All American All Star Team for four years, and was ranked second overall in the 2008 survey.

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