Navigating the Impending US Recession: Insights and Opportunities.
TL;DR Summary
Economist David Rosenberg warns of an imminent recession that could result in a 20% hit to earnings and a 23% drop in stocks. He advises investors to have "dry powder" and liquidity to take advantage of better prices during the downturn. Rosenberg is bearish on equities due to high valuations and recommends investment-grade corporate bonds and private credit investments. He also suggests diversifying portfolios with recession-resistant alternative assets.
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