Famed economist David Rosenberg nailed the housing crash. Now he explains why this crisis won't end as quickly as it began, and shares an investing strategy for the next 3 years and beyond.
about a looming economic crisis long before the coronavirus pandemic caught the world by surprise.
"Initially — and I mean for the next one or two years — this is going to be a deflationary shock of intense proportions," Rosenberg recently said on the"It will be a deflationary shock that will linger on for the next one, two, or three years. We're going to be left, most likely, with double-digit unemployment for an extended period of time."
He added that much of the stimulus cash will likely be stashed away: companies will be focused on maintainingFollowing a deflationary period of about three years, Rosenberg sees consumer and business demand returning to some semblance of normal, provided a vaccine or herd immunity proves effective against the coronavirus.
Rosenberg also sees a future where supply chains become more localized given the global and tactile spread of this crisis.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Long-time bear David Rosenberg doesn't hate stocks right now. Here's whySelf-proclaimed big bear David Rosenberg reveals what would turn him bullish in a 'heartbeat' (via TradingNation)
Lire la suite »
Mädchen Amick teases 'Riverdale' directorial debut, and what she learned from David Lynch'Riverdale' star Madchen Amick tells EW about making her series directing debut on the season 4 finale, and what she learned from her 'mentor' David Lynch.
Lire la suite »
Facebook CFO David Wehner says ad revenue outlook 'really uncertain' amid pandemicFacebook shares jumped in after-hours trading Wednesday after the company announced mixed first-quarter results.
Lire la suite »
'Tickled' director David Farrier claims at least three U.S. Marines tricked into tickling videos'It's an angle that we never got to put in the film because we found out about it quite late in the process,' Farrier told Newsweek.
Lire la suite »
David Beckham looks 'unrecognisable' as he returns to social mediaThe football star, 44 returned to social media today after a seven day absence sporting wildly different hair as he gave his Instagram account over to Age UK
Lire la suite »
Discovery CEO David Zaslav's Pay Drops to $45.8 Million in 2019The media giant’s boss had made $129.4 million in 2018, when stock option awards and other performance-based incentives tied to a new contract boosted his compensation.
Lire la suite »