Long-time market skeptic David Rosenberg warns that 'recessionary pressures' will hit consumers (via TradingNation)
When his scenario officially unfolds, the long-time market skeptic warns, it will likely hit consumers first.
" on Thursday. "It's all basically just about lags and effects. And, I think that the consumer is next in line, and we're going to see more evidence of that in the first half of 2020.". Two months ago, he pushed his recessionary timeline out to less than 12 months away.Former Federal Reserve Chair Janet Yellen is also expressing concern about the economy.about the U.S. economy sliding into a recession.
"It's a classic game of dominoes. It's never always the same. But you have to know your history, and especially after a policy-tightening cycle, which we had from the Fed," he said. "You don't shock a part of the economy without shocking other parts with a lag.""The reality is that the yield curve stopped inverting in 2007. It inverted in '06," Rosenberg said. "The yield curve is not a coincident indicator. It's a leading indicator.
"The engine on the labor market is starting to sputter," he said. "The question is when does this morph into deteriorating employment conditions, because that's when it hits the consumer."
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Trump impeachment hearings Day 5: Fiona Hill and David Holmes testifySchiff: 'There is nothing more dangerous than an unethical president who believes they are above the law. And I would just say to people watching here at home and around the world, in the words of my great colleague: We are better than that. Adjourned!'
Consulte Mais informação »
6 things we learned from Fiona Hill and David Holmes’ impeachment testimonyHolmes and Hill were the last witnesses to testify this week after days of public hearings in the House impeachment inquiry.
Consulte Mais informação »
David Guetta and GF Jessica Ledon Kiss and Hold Hands on Miami BeachDavid Guetta and his girlfriend are still going strong, and reminding everyone they're one of the hottest couples out there.
Consulte Mais informação »
Trump impeachment hearings live updates: Fiona Hill and David Holmes appear'There's no question that Gordon Sondland's blockbuster testimony is still sending shock waves through Washington,' marykbruce tells KyraPhillips on Day 5 of the House impeachmenthearings.
Consulte Mais informação »