David Rosenberg, founder and president of Rosenberg Research & Associates Inc., joins Jack Farley on Monetary Matters to argue why a recession is likely to occur as soon as 2025. Rosenberg points to the low savings rate and argues that fiscal deficits and a stock market price bubble are boosting consumer spending and that this will reverse if the stock market stops going up. Recorded on October 25, 2024.
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Timestamps
00:00 Intro
1:15 Economy Is "Perplexing"
16:16 A Reexamination The 2022 Recession Consensus
35:08 SURPRISE ANNOUNCEMENT: Other People's Money To Join Monetary Matters Podcast Network
37:05 Stock Market Earnings Growth
53:28 What Causes Recessions? A Theoretical Framework of The Business Cycle
1:01:58 The Severity Of An Eventual Recession
1:05:19 Emerging Market Stock Markets That Are Fairly or Even Cheaply Valued
