David Rosenberg with Adam Taggart on Thoughtful Money
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- เผยแพร่เมื่อ 6 พ.ค. 2024
- This is a re-upload of the original video on Adam Taggart's youtube channel, which is located here: / @adam.taggart
David was recently on Thoughtful Money (recorded on May 6, 2024) with Adam Taggart to release a warning that the official jobs data reported by the government are "overstated by historical proportions"
And when the downward revisions get released, it will shock both the Federal Reserve and the financial markets.
Great discussion. Always love to hear Dave's view. Great food for thought. In these markets, keep in high dividend, large caps with lots of free cash flow. I want that 7-8 percent before I even get out of bed. Also, keep cash on hand as it gives you optionality when things hit the fan.
Yield spreads negative, unemployment low, fed funds high....all signs of a recession...even if that recession is mild. The big question is what kind of recession.
Absolutely outstanding video - thanks Adam and Dave.
Mr. R. is an outstanding analyst and his delivery is smooth. 👍
Love Rosie! Thank you for the great interview.
Thanks Dave for your insight and Adam for having him on your show. I like the how Dave analyzed the economy in a way that I can it apply to Canada.
Those numbers are mind blowing. That’s what happens when politics get in the way of real data. Holy cow.
Great interview!
Thank you ! Great interview .
Yes, the business cycle has not been repealed, only delayed.
The Fed has to get people to come back to work. The country's culture has gotten lazy and everyone not only wants a handout; they expect multiple handouts.
I like Rosenberg. I agree with him. Just waiting for him to be proven right.
I think part of the recession postponement was the fear of recession, now as full fantasy is gaining traction again will be the perfect time for reality again.
Rosie’s the best.
He looks like a beautiful little boy with those big blue eyes
You like El Erian's 'cleanest dirty shirt' metaphor, I see...
Art Laffer dropped it recently, calling our dollar and economy ''the tallest midget." hehe
The host would do the listeners a HUGE favor if he drops his economist hat and just brought his curiosity. The leading questions do not help at all 😂
Rosy, you are a living legend on market commentary. Gundlach nodded heavily and adopted your phrase of 'fiscal drag' when the stimulus checks stopped a couple of years age, etc. You are a trendsetter. The WSJ was wrong to say your prediction of a recession was wrong last month, before your prediction window of 26 months since March of '22 was even here. Sloppy, sensationalized reporting at WSJ now.
What stimulus are you talking about? I got a single $400 deposit. That is not ton of money. In fact I thought of it as a joke…a waste of time.
Means you make a lot of money
Home equity loans are SOOOO bad for homeowners. Easy way to lose everything.
How do you have a recession/slowing growth with the recent 95 Billion aid package of which 90% of it will be spent in the U.S. economy. Do you know what you DONT get with a 95 Billion stimulus into your economy, you DONT get a recession or slow economic growth. Inflation will be sticky north of 3% but this is a GOOD THING. It indicates the U.S. is decoupling from China. Inflation has remained dormant for the past few decades partly because of cheap consumer and intermediate products coming from China. As the U.S. begins the process of decoupling from China and begins industrializing again inflation will be sticky.
I would think twice about India, The red tap the bureaucracy. If there are any benefits to being a totalitarian state its that the great leader can belch out an order and things happen (China). India is a multi-state State in which the regional powers have a great deal of autonomy from the central government, each with their own bureaucracy and red tap. The Yangtze river valley is the industrial center of China and provides cheap inexpensive means of transportation. The Ganges River is not navigable in certain areas and is not the industrial transportation corridor that the Yangtze is in China. I would think twice about India, you may come to regret that investment ten years down the line.
It's never a good thing to spend money that you don't have
What is like to be wrong consistently? Still straching on how David got 2008 right? May be 1/20 years sounds right
Timing is everything for an analyst