David Rosenberg: ‘Our Economy is Running on Borrowed Time – Severe Fallout Ahead’

Wealthion, Released on 6/27/24

Join James Connor as he sits down with renowned economist David Rosenberg of Rosenberg Research to discuss the dark clouds looming over the US and Canadian economies. Despite recent highs in the S&P and Nasdaq, Rosenberg warns of imminent economic downturns that could have devastating effects. From rising delinquency rates in consumer credit to the bursting of the Canadian housing bubble, tune in to discover a what lies ahead for our economy and your portfolio.

00:00 – Introduction
01:00 – David Rosenberg’s View on US Economy
04:00 – GDP Growth and Consumer Behavior
08:45 – Impact of Government Spending
12:04 – Housing Market Analysis
14:39 – Federal Reserve Policies
16:56 – Potential US Recession
18:52 – Canadian Economy Deep Dive
28:22 – Canadian Housing Bubble
30:02 – Canadian Politics and Economy
33:07 – Stimulating the Economy
36:12 – Investment Strategies for the Future
41:22 – Closing

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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