Despite the strong economic growth and positive economic indicators that the United States has experienced over the past year, one prominent economist is still expecting a recession to hit later this year. David Rosenberg, founder of Rosenberg Research, has been vocal in his prediction of an impending downturn in the economy.
Rosenberg has pointed to several key factors that he believes will contribute to a recession in the near future. One of the main reasons for his prediction is the ongoing trade tensions between the United States and China. The tariffs imposed by both countries have already had a negative impact on global trade and could potentially lead to a slowdown in economic growth.
In addition to the trade tensions, Rosenberg has also expressed concerns about the overvaluation of the stock market. He believes that stock prices are inflated and not reflective of the actual performance of companies, which could lead to a market correction and ultimately a recession.
Furthermore, Rosenberg points to the inverted yield curve as a sign of an impending recession. The inversion of the yield curve, where longer-term interest rates are lower than short-term interest rates, has historically been a reliable predictor of economic downturns.
Despite the positive economic data released by the government, Rosenberg remains steadfast in his belief that a recession is on the horizon. He has advised investors to be cautious and prepare for a potential downturn by diversifying their portfolios and reducing their exposure to riskier assets.
While not everyone may agree with Rosenberg’s prediction, his track record as an economist and his in-depth analysis of the current economic climate make his perspective worth considering. As we move forward in the year, it will be interesting to see if his prediction of a recession comes to fruition or if the economy continues to defy expectations.
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He's been confidently making this call for 2 years straight.
jobs numbers out today…. this recession prediction didn't age well
Because recessions are a natural part of the economic cycle, your only option is to be prepared and make appropriate arrangements. When I began my career in 2009, there was a recession. My first job after college was doing aerial acrobatics on cruise ships. I founded my own company, work as a vice president for a large corporation, own three rental properties, invest in stocks and companies, and have seen my net worth climb by two million dollars in the previous four years.
We are currently in a recession. The economy is drastically slowing down, unemployment rate is going up, more people are on government assistant and inflation is still a huge problem. At this rate, America will fall behind China in economic activity.
IMO downturn in spending and manufacturing is delayed purchases due to less disposable income. The surrounding issues are residual effects
You can't be this honest on a liberal media outlet while there is a liberal president in office.
I also find it hard to follow the narrative, don't feel alone David Rosenberg.
It's difficult being a talking head reading from a script, especially when what you are reporting isn't honest.
Also, if you're a high income person who gets laid off, you're likely not applying for benefits. It isn't worth it. My friends got laid off from Deloitte, all making more than 150k, and none of them bothered with unemployment benfits. So this guy is likely correct.
The fed is ichy to lower interest rates
Rosenberg has been saying the economy is going to rollover for over two years. He is like a broken clock.