US economy headed for 'hard landing', warns top economist David Rosenberg.

Economist David Rosenberg warns that the US economy is a "dead man walking" and predicts a "hard landing" in the second half of the year, strengthening the case for a global recession. He also criticizes the Federal Reserve for cherry-picking a favored inflation measure and doubling down on deflation fears, saying the central bank could cause considerable harm to the US economy if it continued to raise rates aggressively. Rosenberg has been vocal about US recession concerns, saying an economic downturn had arrived but nobody's yet noticed it.