David Rosenberg: 'Our Economy is Running on Borrowed Time - Severe Fallout Ahead’

Join James Connor as he sits down with renowned economist David Rosenberg of Rosenberg Research to discuss the dark clouds looming over the US and Canadian economies.
Despite recent highs in the S&P and Nasdaq, Rosenberg warns of imminent economic downturns that could have devastating effects. From rising delinquency rates in consumer credit to the bursting of the Canadian housing bubble, tune in to discover a what lies ahead for our economy and your portfolio.
TIMESTAMPS:
00:00 - Introduction
01:00 - David Rosenberg's View on US Economy
04:00 - GDP Growth and Consumer Behavior
08:45 - Impact of Government Spending
12:04 - Housing Market Analysis
14:39 - Federal Reserve Policies
16:56 - Potential US Recession
18:52 - Canadian Economy Deep Dive
28:22 - Canadian Housing Bubble
30:02 - Canadian Politics and Economy
33:07 - Stimulating the Economy
36:12 - Investment Strategies for the Future
41:22 - Closing
#economy #investing #podcast #recession #wealthbuilding #federalreserve #housingmarket #gdp
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[@ParisianThinker]

Merci for your hosting your wonderful guest, David Rosenberg. He is the best informed economist about Canada and USA too.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for your comment and for taking the time to view our content! I agree, he is one of the best!

[@kellikline6359]

Intelligent people in the US know we are on a nose dive.

[@davidfellowes1628]

Not just Canada, most economies

[@jasonhenn7345]

Yep the wef plan right on track needs global bankruptcy to bring in cbdc etc,, Brics to end usd dominance and bring hyperinflation that will spill over here next yr

[@frankarena838]

I'm an engineer and my eyes light up when you talk about excess supply. Love Rosie!! He's the best. G'day from sunny Sydney Australia. Thanks James and David. Very interesting.

[@BettynewtonJohnson]

very nice and interesting! oh yeah, I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have TOMAS CALEZ ANTONIO hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I’m stoked because I’m heading into retirement with almost million bucks in my portfolio.

[@willbennett7043]

How can you say that debt to income in canada is 170% and then 3 mins later say most canadains are debt free and don't have a mortgage?

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Will! I should have picked up on that and questioned him on it.

[@bruceposch1449]

because half of canadians have a 340% debt to income ratio.

[@GilmaProttsmantl]

@@bruceposch1449 very nice and interesting! oh yeah, I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have

[@GilmaProttsmantl]

TOMAS CALEZ ANTONIO hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I’m stoked because I’m heading into retirement with almost million bucks in my portfolio.

[@annieh3732]

Love the interview. Thank you.

[@marksnead9805]

Can't believe he said 'Japan is a long term play'.

[@good2goskee]

The debt in Canada is primarily about the mortgage debt

[@terryroberts623]

Rosenberg is excellent!!

[@gordpearson9802]

Good interview, thanks James/David

[@GilmaProttsmantl]

very nice and interesting! oh yeah, I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have TOMAS CALEZ ANTONIO hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I’m stoked because I’m heading into retirement with almost million bucks in my portfolio.

[@joellynparks7805]

Time well spent listening

[@gregfraser2763]

Banks should only mortgage 6X median income for the area in which the house is. This prevents the bubble and fomo. The banks provided the rope for the buyers. Above 6X median income then you pay cash. Maybe also a price per sqft range so consumers are not forced to pay riduculous price per square foot to buy 400 sq ft shoebox condo.

[@GilmaProttsmantl]

very nice and interesting! oh yeah, I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have TOMAS CALEZ ANTONIO hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I’m stoked because I’m heading into retirement with almost million bucks in my portfolio.

[@ithomson2672]

i would like to see what his thoughts are on the rapid increase in US debt purchases by Canada from 2018 to 2024. Low interest rates near zero from 2018-2023, when Powell jacked up rates. Big unrealized capital losses?

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment/question! I will bring this up during our next discussion.

[@BettynewtonJohnson]

very nice and interesting! oh yeah, I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have TOMAS CALEZ ANTONIO hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I’m stoked because I’m heading into retirement with almost million bucks in my portfolio.

[@GilmaProttsmantl]

very nice and interesting!

[@GilmaProttsmantl]

oh yeah, I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have TOMAS CALEZ ANTONIO hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I’m stoked because I’m heading into retirement with almost million bucks in my portfolio.

[@nickzivs]

Just cut corporate taxes so they can issue more dividends and/or buy back more stock … and at the same time do more consumer-targeted stimulus by the government. The catalyst is all tools in the toolbox that amount to a weaker dollar 🥲.

[@GilmaProttsmantl]

very nice and interesting! oh yeah, I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have TOMAS CALEZ ANTONIO hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I’m stoked because I’m heading into retirement with almost million bucks in my portfolio.

[@jasonhenn7345]

Black rock and allies to buy up everything 4 pennies on the dollar

[@1000percent]

Canada su ks

[@GF-po4lb]

I am excited for the bear market. I have been hearing about it for a decade so I am sure it will be very impressive

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment! I know, it's crazy! The market just keeps going higher everyday.

[@BettynewtonJohnson]

very nice and interesting! oh yeah, I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have TOMAS CALEZ ANTONIO hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I’m stoked because I’m heading into retirement with almost million bucks in my portfolio.

[@johnmorelli3775]

Lets hope Trudeau resigns - his economic policies have been detrimental to Canada's economy.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment John and for taking the time to view our content! Change is coming!

[@nickzivs]

Wages haven’t kept up with debasement/loose monetary policy that widens the wealth gap by choosing those with assets as winners and those without as losers. That is why most people are struggling, they don’t have enough real wage growth or financial assets to keep up especially the young generations.

[@GilmaProttsmantl]

very nice and interesting! oh yeah, I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have TOMAS CALEZ ANTONIO hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I’m stoked because I’m heading into retirement with almost million bucks in my portfolio.

[@shanesteele778]

Canada has lots of troubles but high immigration means high demands so i dont think there's a over supply issue. High population is skewing the models. keep up the good work David

[@jaykraft9523]

Rosenberg 5 years ago: "We'll have a recession next year" (no recession). 4 years ago: "recession has already started" (no recession) 2 years ago: "the risk is recession" (no recession) 1 year ago: "recession is slamming demand" (no recession) 9 months ago: "recession coming in 6 months" (no recession). Trend here ?

[@BloorStreetCapital]

It's Jimmy Connor, thanks for your comment Jay! It's tough being a forecaster.

[@Mark-ez2vw]

Digital silver in a digital age, litecoin is a digital precious metal, not a security. Litecoin is the oldest coin on the market after bitcoin, since its inception in 2011. Scarcity of litecoin is the key feature of its technology. Everyone tends to flock to digital silver and digital gold, litecoin and bitcoin, when things aren't going well. Litecoin is a decentralized digital commodity, just like bitcoin, but not even close so heavily concentrated in a few hands like bitcoin is. Both have Proof-of-Work consensus, and both have limited supply of coins. Only that litecoin is lighter, swifter, and hugely undervalued against bitcoin. Litecoin (LTC) being a digital commodity provides a decent inflation hedge as well because there will be mined only a limited number of 84 million litecoins in total.

[@BettynewtonJohnson]

very nice and interesting! oh yeah, I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have TOMAS CALEZ ANTONIO hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I’m stoked because I’m heading into retirement with almost million bucks in my portfolio.

[@magdacska]

It’s the Biden syndrome in Canada.

[@jasonhenn7345]

Actually the wef plan most western countries have been selling out to

[@GilmaProttsmantl]

very nice and interesting! oh yeah, I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have TOMAS CALEZ ANTONIO hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I’m stoked because I’m heading into retirement with almost million bucks in my portfolio.

[@davidmcnamara8024]

I stopped watching at 20 minutes. When did they start talking about buying gold? Predictable diatribe.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for your comment David and for taking the time to view our content! David mentioned gold because he believes the USD will drop with falling IR. He also suggested TLT.

[@davidmcnamara8024]

@@BloorStreetCapital please stop. You sound as bad as Trump. Your analysis cherry picks facts to support your theory. This is basic confirmation bias. I wouldn't put much faith in your assessment. Gerry Granthim wanna be.

[@OM-nq9dd]

The US economy is only going forward with debt, it is not sustainable

[@a88888888a]

Canada has no chance in the new world...

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Canada is not perfect by any means but it is still one of the best countries in the world.

[@BettynewtonJohnson]

very nice and interesting! oh yeah, I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have TOMAS CALEZ ANTONIO hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I’m stoked because I’m heading into retirement with almost million bucks in my portfolio.

[@Rawdiswar]

​@@BloorStreetCapitalBest at what? Housing bubbles? Failing healthcare? Outdated and inadequate infrastructure?

[@hilwaamanamankiyar-pp5bf]

ETH77603