The Recession Is Now Here | David Rosenberg & Stephanie Pomboy
HomeBlogThe Recession Is Now Here | David Rosenberg & Stephanie Pomboy
Adam Taggart
To-date, Adam’s efforts have educated and informed millions of people just like you, and directed hundreds of $millions of their investment capital into good protection and stewardship – achievements he’s very proud of because he predicts challenging times lie ahead for the unprepared investor.
In today’s video you get 2 macro superstars for the price of 1.
Stephanie Pomboy steps in to guest host this interview with economist David Rosenberg — one of Wall Street’s most-awarded analysts over the past 30 years.
In it, they discuss the darkening storm clouds of slowing economic growth, rising interest rates, inflated asset prices & brewing market volatility.
How will markets react from here?
Both are quite confident that the rising cost of capital is bringing economic growth to a screeching halt.
In fact, David says recession is already “starting us in the face”.
While inflation will continue to rage for a while, he sees it getting dragged down by the demand destruction caused by the recession plus a major downwards asset price correction — in both the financial AND housing markets.
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