David Rosenberg, Rosenberg Research founder and president, joins ‘Squawk on the Street’ to discuss what recent macroeconomic data signals about where the economy is, whether we are heading into a recession, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
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The global economy is showing signs of losing momentum, according to renowned economist and founder of Rosenberg Research, David Rosenberg. In a recent interview, Rosenberg expressed concerns about the state of the economy and warned that a slowdown may be on the horizon.
Rosenberg pointed to several key indicators that suggest the economy is facing headwinds. One of the main factors he highlighted is the ongoing supply chain disruptions caused by the COVID-19 pandemic. These disruptions have led to shortages of essential goods and have had a significant impact on global trade and manufacturing.
In addition to supply chain issues, Rosenberg also expressed concerns about rising inflation and its potential to weigh down consumer spending. With consumer prices on the rise, household budgets are being stretched thin, and the purchasing power of consumers is being eroded.
Moreover, Rosenberg pointed to the ongoing labor shortage as another factor contributing to the economic slowdown. Many businesses are struggling to find and retain employees, which has resulted in decreased productivity and increased costs for employers.
Rosenberg’s assessment of the economy’s trajectory is sobering, and it highlights the challenges that lie ahead for policymakers and businesses. As the global economy continues to grapple with a myriad of issues, it is clear that a coordinated and strategic response will be needed to mitigate the impact of these challenges.
To address these concerns, Rosenberg emphasized the need for proactive measures to stabilize the economy and ensure a sustainable recovery. He called for targeted fiscal policies to support businesses and households, as well as continued monetary support to maintain liquidity in financial markets.
Rosenberg’s warnings are a sobering reminder of the fragility of the global economy in the face of ongoing challenges. It is crucial for policymakers, businesses, and consumers to remain vigilant and proactive in addressing these issues to ensure a stable and sustainable economic future.
As the founder of Rosenberg Research, David Rosenberg’s insights and analysis are highly regarded in the finance and economics community. His warnings about the economic slowdown are a wake-up call for stakeholders to take action and navigate the challenges ahead.
The 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.
Our economy struggling with uncertainties, housing issues, foreclosures, 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.
The FED is to be blamed for economic crisis, they ultimately benefit from buying failed banks, houses or even cars cheaper. Oh well, they can print credit as long as someone will borrow it into existence, but production cannot be printed. Right or wrong??
Great stocks and I just bought in on them, but I'm interested in making a short-term profit, let's say turn a $150K to $ 500K in 6 months, I'd appreciate tips on how what stocks to buy to make this much profit.
Fed done raising rates, because the US government is spending way more money and fighting inflation for the Fed, plus the low interest loans the US have that will need to be repaid will have a much higher interest rate if borrowed at the current interest. Not an ecnomist or even an Econ major in my university days, but feels like it points to higher risk of recession, no?
Rosenberg is bearish…. Wow! Didn't see that one coming!
I’d be broke 3 times over if I listened to Rosey
That clown is predicting imminent doom on stocks for one year now and totally missed every bull market since then. Total rainmaker who is never questionned about his previous failed forecasts as TV shows just love his clickbait apocalypse predictions.
He’s got a tent in his pants longing for a recession
Economy is losing momentum and stock market is gaining momentum.
Something doesn't add up here
3:58 Mike stathis wrote a book on shorting Fannie and Freddie, never mind calling for recession in 07.
Do what?
market go up , Rosenberg is wrong
What is the use of calling a recession 2 years early, what do you do with this info to keep on and on about recession and it happens 2 years later? What is the application use to current investments? Specially not knowing if its is a shallow one, deeper one, etc. Is like Astrology… A shallow recession could actually be good for equities.. and the Fed has tons of tools on hands now to deal with it.
The US economy has been living off the Fed's fake asset inflation equity for decades.
Lol… he missed another 10% up by telling jokes on himself and others
They aren't calling the recession yet because we are in what is called the last gasp before things start to come down to Earth.
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