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David Rosenberg

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finance1 year ago

"Gold's Soaring Potential: Experts Predict 30% Upside Amid Fed Rate Cuts"

Economist David Rosenberg predicts a 30% upside for gold prices, forecasting a potential rise to $3,000 per ounce as the Fed cuts interest rates. The current rally in gold is defying typical macroeconomic challenges and is driven by strong demand from central banks, emerging markets, and rising industrial usage. Geopolitical risks and uncertainties in the global economy are also contributing to the surge. Rosenberg anticipates further upside for gold as central banks begin to cut rates, with a potential 30% increase in play, and advises investors to consider overweighting gold in their portfolios.

via Markets Insider|
#central-banks#david-rosenberg#fed-interest-rates
economy1 year ago

"Rising Debt: The Growing Credit Bubble in the US Economy"

Economist David Rosenberg warns that a "super-duper" credit bubble has formed in the US economy as consumers, dubbed "YOLO spenders," take on massive debt to fuel their spending, with household savings at a low 3.7% and consumer spending increasing by $208 billion last quarter, largely financed with debt. Despite consumer balance sheets appearing strong, rising credit card delinquency rates and other signs of financial strain indicate that the default cycle has already arrived, posing potential risks to the economy.

via Business Insider|
#consumer-spending#credit-bubble#david-rosenberg
economy2 years ago

Recession Prediction Economist: Litmus Test Arrives as Oil Nears $100 a Barrel

Economist David Rosenberg, who has been predicting a recession for the past 18 months, believes that the "litmus test" for his prediction is finally here, especially with oil prices heading towards $100 a barrel. Despite facing criticism and being premature in his previous recession calls, Rosenberg maintains his bearish forecast, citing rising interest rates, slowing consumer spending, and the waning impact of fiscal stimulus as key factors. He argues that the U.S. economy heavily relies on consumer spending, which makes up 70% of GDP, and that the boost from infrastructure and manufacturing sectors won't be as impactful. Rosenberg's previous recession calls in 2007 turned out to be correct, but his 2012 prediction did not materialize.

via Fortune|
#consumer-spending#david-rosenberg#economic-forecast
economy2 years ago

"Top Economist Rosenberg Predicts US Recession in 6 Months: Key Quotes"

Economist David Rosenberg predicts that the US economy is heading towards a recession within the next six months, citing the impact of the Federal Reserve's aggressive interest rate hikes. He highlights the historical correlation between rate hikes and recessions, and warns of a significant erosion in credit quality, particularly in credit card debt. Rosenberg also expresses concerns about China's economic slowdown and its potential to export deflation. Despite fiscal stimulus measures, he remains steadfast in his recession prediction, urging patience from those who doubt his forecast.

via Business Insider|
#credit-card-debt#david-rosenberg#economy
finance2 years ago

"Dow's Hot Streak Sparks Recession Fears: Rosenberg Warns of Troubling Times for Stocks"

Economist David Rosenberg warns that the recent winning streak of the Dow Jones Industrial Average may be a red flag for investors, suggesting that a recession may already be underway. He points out that in 1987, the Dow erased its gains after a similar winning streak. Rosenberg also highlights that plunging inflation can be bad news for stocks, as it typically leads to slimmer corporate profits. He advises against ruling out an economic contraction and cautions against exorbitantly priced stocks driven by fear of missing out. However, his predictions differ from other experts who see asset prices rising and minimal risk of a recession as the Federal Reserve begins loosening its grip on the US economy.

via Markets Insider|
#david-rosenberg#dow-jones-industrial-average#finance
finance2 years ago

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.

via Yahoo Finance|
#david-rosenberg#deflation#federal-reserve
economics2 years ago

Top Economist Claims US is Already in Recession, Despite Positive Economic Data.

Economist David Rosenberg has stated that a US recession has already arrived, but nobody has noticed it. He cited data showing back-to-back declines in US Gross Domestic Income and the S&P 500 index signalling a recession as evidence. The Federal Reserve's interest rate hikes and turmoil in the banking sector have fuelled concerns that the US will tip into recession. Rosenberg has consistently made pessimistic calls about the US economy this year.

via Markets Insider|
#david-rosenberg#economic-activity#economics
finance2 years ago

Mixed Signals: Is a Recession Looming or Beaten Back?

The S&P 500 is indicating an oncoming recession, according to economist David Rosenberg, who pointed to a slump in consumer discretionary, transportation and banking stocks as evidence. Despite the benchmark index rising 7.7% this year, Rosenberg said the most economically sensitive areas are down 33%, behaving as they did heading into previous downturns. Rosenberg recently predicted a recession has already hit US corporate profits, while markets guru Larry McDonald warned of a 30% crash in the S&P 500 by December due to dwindling corporate profits, less government spending and banking stress.

via Markets Insider|
#banking-stocks#consumer-discretionary#david-rosenberg
economy2 years ago

Economists Warn of Impending Recession and Market Turmoil

Economist David Rosenberg has warned that the US economy is headed for a severe recession, citing the Philly Fed's manufacturing survey, which has recorded its seventh consecutive negative reading in March. Rosenberg has been sounding the alarm on financial markets and the economy for a while, and recently warned that the S&P 500 could plummet by nearly a quarter from its current level to around 3,000 points, and house prices might bottom 25% below their peak last year.

via Markets Insider|
#david-rosenberg#economy#philly-fed