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The US now has an 85% chance of recession in 2024, the highest probability since the Great Financial Crisis, economist David Rosenberg says (www.businessinsider.com)

submitted 2 years ago by i_have_no_enemies@lemmy.world to c/news@lemmy.world

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[–] Heresy_generator@kbin.social 28 points 2 years ago* (2 children)

'Many similarities to 1999 are starting to appear': Famed economist David Rosenberg breaks down why euphoric sentiment is setting stocks up for historically weak returns over the next year — and shares 6 charts showing just how extreme conditions are February 2021

How to Invest With a 75% Risk of Recession in 2022: Rosenberg March, 2022

David Rosenberg: A bleak outlook for 2023 December, 2022

'Professional Doom Caster forecasts doom.'

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[–] newthrowaway20@lemmy.world 3 points 2 years ago

Rosenberg Research has only been around since 2020 as well. Dude had a long career before that working as a chief economist for Merrill Lynch though. He probably has insight most others don't. I'd be curious how his stock purchases align to his doom casting though. I wonder if he actually practices what he preaches.

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[–] SuckMyWang@lemmy.world 0 points 2 years ago

But what if this time he’s right? He might be so smart and we all should have listened to him but we didn’t because we’re stupid

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