Submitted by Taps Coogan on the 25th of April 2020 to The Sounding Line.
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David Rosenberg of Rosenberg Research recently spoke with Macro Voices about his outlook for markets and the economy. In a wide ranging interview, he warns that investors are staring at a deep recession with an unknown recovery and at the same time trying to reconcile the impacts of the most radical Fed monetary stimulus in history.
In light of that massive monetary stimulus, we recently shared an interview with famed economist Dr. Nouriel Roubini who warns that the world may be facing stagflation: stagnant economic growth and rising inflation. We also shared an interview with famed economist Dr. Lacey Hunt who warned deflation, not inflation, is most likely to prevail for the next few years.
As Mr. Rosenberg details in the following interview, he feels that deflation is the most likely risk for the next few years as the economy struggles with recession and recovery, but after that, stagflation is likely to reign as economies become more local, stimulus remains out-sized, and productivity struggles.
Enjoy the full interview above.
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