Wealthion, Released on 1/4/24

David Rosenberg, the Founder and President of Rosenberg Research joins Eric Chemi for a deep dive into the economic outlook of 2024. Rosenberg delivers his own economic analysis, cautioning about the ‘illusion of sturdy household balance sheets’ and predicting a potential default cycle ahead. He breaks down complex economic indicators, addressing why delinquency rates in autos and credit cards are alarmingly reminiscent of pre-2008 levels. The discussion also touches on the Fed’s influence on the markets, the realities of corporate bonds vs. equities, and the looming threats in global geopolitics that could reshape our financial landscape.

00:00 – Rosenberg’s Take on the Current Market
01:53 – Evaluating the Stock Market’s Valuation
02:24 – The Fed’s Influence and Market Reactions
04:29 – Investor Sentiment and Market Risks
06:36 – Analyzing Corporate Bond Opportunities
10:31 – The Potential Recession and Economic Indicators
19:13 – The Role of Interest Rates and Fed’s Policies
28:45 – Business Cycle Dynamics and AI’s Impact
37:36 – Government Stimulus and Fiscal Policy
47:40 – Investment Strategies for Current Market Conditions

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.

  david rosenberg, economy