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August 19, 2019 | Rosenberg: Global Recession Coming, No Quick Path Out

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

“This is going to be a capital-spending-led recession,”Rosenberg, the senior economist and strategist at Gluskin Sheff + Associates told BNN Bloomberg in an interview on Thursday. “The consumer will follow like a domino….

“We don’t have the traditional fiscal, or, certainly monetary policy bullets anywhere in the world to fight the next recession,” he said. “So, I think that’s something else we have to consider: It’s not really about peak-to-trough decline. It’s: Once it starts, how do we get out of it?”Here is a direct video link.

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August 19th, 2019

Posted In: Juggling Dynamite

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