Wealthion, Released on 6/5/25

He breaks down the Fed’s biggest policy errors, including Jay Powell’s obsession with legacy over leadership. Rosenberg warns that the Fed is ignoring its own Beige Book and that both soft and hard data now point clearly to contraction. From consumer stress and housing unaffordability to labor market weakness and collapsing business investment, the red flags are multiplying.

1:02 – The Last Time Rosenberg Was Bullish, and What Changed
5:55 – 2022-2023: The Recession That Never Came. What Went Wrong?
19:47 – Soft Data Says GDP Is Shrinking
26:07 – Are the Job Numbers Real… or a Mirage?
33:03 – Powell’s Fed: Legacy or Liability?
38:26 – Was 2021’s QE the Biggest Policy Mistake Ever?

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, Fed, recession