Maggie Lake Talking Markets, Released on 10/22/24

David Rosenberg, founder and president of Rosenberg Research and one of the most famous bond bulls in finance, is getting nervous. In this special interview with Maggie Lake, he discusses the scenario where he will “very quickly pull the plug on my bond call,” why the next recession will be the worst in history, how passive investing and wealth concentration are creating a fragile economic environment, and how he’s thinking about the upcoming US election. This one’s not for the faint-hearted… Recorded on October 17, 2024.

00:00:00 – Intro
00:00:50 – David’s Market Overview
00:03:20 – Surprising Economic Strength and Non-Farm Payrolls
00:04:40 – Government Spending and the Fiscal Deficit Boom
00:15:40 – Bullish or Bearish? Navigating Market Uncertainty
00:25:30 – Political Influence on Market Forecasts
00:36:00 – The Role of Government in Growth and Market Cycles
00:49:10 – The Case for Gold Amid Global Debt and Instability
00:56:10 – Bubble Warnings and the Danger of Passive Investing
01:04:00 – The Importance of the Fed’s Reaction Function

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.

  bond market, david rosenberg, economy, investing, recession, stock market, Trump