David Rosenberg, Rosenberg Research president, joins ‘Squawk on the Street’ to discuss Rosenberg’s bearish recession call earlier this year, how federal stimulus will impact a potential recession, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
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As the global economy continues to navigate the ongoing challenges brought on by the COVID-19 pandemic, many economists and market analysts are closely watching for signs of a potential recession on the horizon. One such analyst, David Rosenberg, founder of Rosenberg Research, has made a bold prediction of a looming recession and believes that the fourth quarter of this year will serve as a litmus test for his call.
Rosenberg, a well-respected figure in the world of finance and economics, has been vocal about his concerns regarding the state of the global economy. He has pointed to a number of factors, including high levels of household debt, slowing consumer spending, and the potential for a downturn in the housing market, as reasons for his recession call.
In a recent interview, Rosenberg stated that the fourth quarter will be a critical period in determining whether his predictions will come to fruition. He emphasized the importance of monitoring key economic indicators, such as GDP growth, unemployment rates, and consumer confidence, in the coming months to gauge the health of the economy.
Rosenberg’s cautious outlook is echoed by many other economists and analysts, who have raised similar concerns about the potential for an economic downturn. The ongoing uncertainty surrounding the pandemic, coupled with supply chain disruptions and inflationary pressures, has created a climate of uncertainty for businesses and consumers alike.
While there are certainly challenges ahead, Rosenberg also highlighted potential opportunities for investors to navigate the current economic landscape. He emphasized the importance of diversification and risk management in investment portfolios, as well as the need for a cautious approach to financial decision-making in the coming months.
As the global economy continues to navigate the challenges of the pandemic and its aftermath, the fourth quarter of this year will indeed serve as a crucial period in determining the direction of the economy. While the potential for a recession looms large, it is important for individuals and businesses to remain vigilant and proactive in their approach to managing financial risks. Only time will tell whether Rosenberg’s recession call will come to fruition, but one thing is for certain – the coming months will be closely watched by economists and market participants alike.
$1=¥1=€1 = 26/30/6/50
Did Karmala Harris say she wanted to discuss business with Sara Eisen and Morgan Brennan over lunch?
Rosy thinks government spending is mild. Wake up and smell the roses Rosy.
"The market will remain irrational longer than you can remain rational" … Nobody said that, i just made it up.
This guy also called for a recession in 2023…If you call for one every year eventually you will be right…
Rosie just keep moving the goalpost!
Keep calling bear it will come for sure but u b losing a lot waiting for recession Vs stay invested ?
Rosenberg has called 23 out of the last 2 recessions
Inflation reduction ACT LMAO!
The US economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth..
No recession will take place
Wow his '22 recession call became '23 recession call.. now 24' recession call… maybe 25' will be next.. he's going to be right at that time i guess..
Recession already hit all those earning 60,000 or less, soon it will get to those who earn 100,000.. it may not come at all to those who earn above 200,000… inflation is different for different income levels
Funny how last year everyone said recession for ‘23. This year predictors are saying ‘24.
Evil Orwellian NBC is responsible for brainwashing the population and turning the U.S.A. into a prison industrial complex state.
He has no clue what he is talking abt. He should feel lucky such a beautiful lady is talking to him,
How the heck is disposable income “on the rise”? Maybe if you are in the energy business.
I miss when gasoline was 15% cheaper. 3 months ago…..
People calling for recession for the last year weren't impatient, they were wrong. Go ahead you can say it. I was wrong.
This guy keeps shifting his goal post. and projects himself to be correct
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Yet
Dud Joe Biden is horrificly incompetent and needs impeached
CNBC you guys are so out of touch with reality it’s not even funny. We’ve been in one since late last year and now as we speak things are deteriorating a heck of a lot more
The minute you start calculating the effects of income inequality all this makes sense. These people couldn’t see their own impact if it was only data point.
telling the truth is never popular