Taps Coogan – November 28th, 2020
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David Rosenberg of Rosenberg Research recently spoke with Macro Voice’s Erik Townsend about his outlook for financial markets and the economy. Mr. Rosenberg, who has been notably bearish about the economy for a couple of years, warns that the developed world is ‘turning Japanese,’ meaning that aging demographics, too much debt, and zero or negative interest rates are going to weigh on inflation and growth post-Covid, just like they have plagued Japan for decades.
Mr. Rosenberg’s prognosis leads him to worry more about deflation than inflation and to recommending an investment strategy that is clearly more about not losing money than anything else.
Enjoy the wide ranging discussion above.
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