David Rosenberg: Is US Economic Strength Here to Stay? (w/Ed Harrison)
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- เผยแพร่เมื่อ 25 ก.ค. 2024
- At a time when the mainstream narrative revolves around the risk of an overheating US economy and consumer price inflation, David Rosenberg, president and chief economist & strategist of Rosenberg Research & Associates Inc., is the ultimate contrarian voice. In this interview with Real Vision’s Ed Harrison, Rosenberg acknowledges the strength of the US economy and is willing to switch tack if the data warrant it later this year. However, he expects, contrary to most, that the economy’s vigor will fade as government stimulus does and that the post-financial crisis precautionary savings rates to go even higher in this cycle, resulting in less growth and less inflation than is priced into US equities. Rosenberg remains bullish on bonds and on Asian equities, particularly in China. Believing that alpha is king now, he thinks we have entered a stock picker’s world where riding an uptrend through passive investing or in ETFs will not work. Filmed on April 27, 2021. If you want to keep up with Rosenberg's research, you can start a free 30-day trial here: bit.ly/3pQ4nyB.
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David Rosenberg: Is US Economic Strength Here to Stay? (w/Ed Harrison)
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For the transcript visit: rvtv.io/TheInterview
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Real Vision Time Stamps:
Great Cognitive Dissonance - 00:24
Here and Now Technical Analysis - 2:54
Bonds - 7:47
Where Is The Market Going? - 10:14
Expectations For The Rest of 2021 and 2022 - 12:02
Bond Vigilantes, Bank of Canada, Money Supply - 26:36
Unemployment, Employment Rates - 28:33
Corporate Side, Commercial Real Estate - 42:00
Where is your highest conviction in short/medium term growth? 47:33
Time Horizon On Davids Plays - 53:17
Large Cap Tech - 55:26
Summarizing Strategy - 1:01:11
Bring Ed back!!!!!:(
I miss him too, we need him man
Same!
One of the best interviews on the subject that I have heard this year. Have been a member of Real Vision for a little over 12 months now, and the quality and diversity of content is outstanding. I have no other affiliation other than membership, so you can trust me when I say, they are worth checking out!!
No. We're clearly declining.
What is that book on GOLD behind David Rosenberg?
Great interview Ed. You’ll be missed.
Ed is leaving?!
@@kenswanstongarrett9866 last week.
Where is he going?
@@DrugMusicNFT BNN Bloomberg. Sold out.
Davids call on treasuries has aged very well ( in july anyway )
Love the Norman Parkinson print above Ed's mantle! As for Rosie's analysis, few agree. But those who do are pretty damn smart people. Good luck in your new adventure, Ed!
The most level headed argument I've seen for a while, great interview!
Great talk! I learned so much from this discussion
I’m with Rosen “IceBurg” Slim & Steve Van “The MAN” … ya’ll buggin’ w/ all this recovery nonsense!
a great interview - well done RV and Ed
So in the two month since the video was filmed has he been right or wrong?
@@SeekingAlfalfa Agreed. Lots of Deflationary headwinds continue to blow though.
Thank you gentlemen 👍
Is Ed back? Yay!!
Very informative
I miss Ed!!!! :(
this guys super confident in a fed that has been historically terrible at anticipating market trends. furthermore, why is the fed discussed so much? the only tool they have is interest rates. which they said were on “autopilot” until they weren’t.
How do I go East if I live in the US?
Hey Ed/ David You don't think the FED is not in there buying the long end? Take a look at the TNX daily chart..Every time there is a big green candle higher the next candle is always a big red one like something comes in and whacks it back down again and again..That chart is neurotic and have never seen a chart like it..Looks to me like the Fed has their finger on the trigger buying those longer dated bonds..
What about inflation not driven by supply and demand,but the fact that Fed is printing money and government is spending like crazy which is destroying the purchasing power of currency..value of dollar is historicaly highly correlated with government deficit
Been 6 months since I got through an episode coz of the advertisements. Bye Felicia
does the savings rate always go up as society ages? When the big cohort (Boomers) are nearing retirement they save more. What about when they are in retirement and are spending down their assets (negative savings)?
Ya a lot of people don’t talk about that. Tons of retirees will spend large amounts on health care. Some may save more but non working people will still have to spend on necessary things.
How about a Peter Schiff vs David debate
Be epic.
Huh ?
Beliefs (schiff) vs fact (Rosenberg) would be a dull debate ……
Peter is : no it’s wrong because I belief it’s like this it should and will be , shrug .
Why you think schiff only speak in general term and never uses charts or facts …?
To always have a way out to push his libertarian/anti government / pro gold standard selling agenda .
Luke gromen would be much better for a debate .
so there’s no incentive to save money, but people are going to start saving because they’re getting old?
US corporate debt 48% of GDP in the stratosphere? Canada 110%. Government debt both countries around 130%. Household debt both countries around 100%.
The disrespect RV has for paying members is unreal. It’s getting the point where I’m counting down the days till my plus subscription ends and I’m not paying for the broke people on TH-cam to freeload
This video was filmed two months ago. Most of the new material is reserved for paying members like yourself.
Let that be a lesson to you, Jesse. Why pay for something when you can LEGALLY get it for free. :)
@@turbofanlover you're not lying
@@andrewlick1593 you miss the point
2 months is an eternity in investing .
Look at March 2020 with may 2020! ….
US economic strength?! Lol! Lol! Lol! Really?!
If David were looting stores and smashing windows in BLM riots, I would think he looks like a monster who belongs to the jungle, but I love his manners and knowledge and wisdom and think he is adorable. You see I am not in the slightest way a racist. I think most people are like me, not racists. By the way, I am not white, neither black.
GARP??? Rosenberg needs to read Adam Smiths , Theory of Moral Sentiments. Don't talk about grandkids when investing in China. Rosenberg is objectively smart and morally bankrupt.
Damn, unfortunately very typical bearish boomer take. Must be in the business of selling newsletters to retirees 😅
Long bonds, financials and uranium... 😆GLWT
It’s not just older people that are bearish. A lot of younger people think the markets are at absurd valuations will go down. Then again some young people think they’ll get MMT passed in a few years and that everything will be bullish and everyone will be happy.
@@koltoncrane3099 valuation is a relative, not absolute, concept.
I couldn’t have been the only one to notice slappy at the very beginning of the video? That puppet gives me the creeps😳
Rosenwrong
People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in bitcoin
I invested in both gold and crypto but the crypto is more profitable
So put some in for me Patricia.
@@jacksonbenson6010 gold is going no where
Investing in cryptocurrency is one of the best chance of making money 💸
SPAM/SCAM ALERT!!!!!!!!!!!!!