Recent economic data are pointing to a soft patch and reigniting recession talks. Noted economist David Rosenberg weighed in on the near-term trajectory of the economy.
What Happened: “We have had the biggest interest rate shock since 1981 if I'm not mistaken, 1981 was followed by 1982, which was not a mild recession by the way,” Rosenberg said on the Blockworks Macro podcast Thursday.
Part of the impact of that recession was blunted by the lingering impact of the fiscal stimulus, but that is now in the rear-view mirror, he said.
The economist noted that China is seemingly heading into some sort of a recession and has already ...