Kitco News, Released on 12/1/23

Jeremy Szafron, Anchor at Kitco News, interviews David Rosenberg, President of Rosenberg Research, who shares a comprehensive economic outlook for 2024. Rosenberg discusses potential challenges such as the US economy’s hard landing, a looming savings crisis, and a forecasted default cycle. He also analyzes the impact of past fiscal stimulus and offers predictions on the Federal Reserve’s upcoming actions. The interview explores strategic approaches for navigating 2024’s unpredictable economic landscape, providing vital insights for investors.

0:00 – Intro
3:00 – Reflecting on Economic Trends in 2023
6:00 – Forecasting 2024: US Economic Challenges
9:00 – Examining the Savings Crisis and Fiscal Stimulus
12:00 – Housing Market Trends and Consumer Spending
15:00 – Federal Reserve Strategies for 2024
18:00 – Global Economic Outlook and Investment Strategies
21:00 – Rosenberg’s Investment Approach for 2024
24:00 – Wrap-up and Key Takeaways
27:00 – Closing Thoughts and Future 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.

  david rosenberg, economy, markets, recession