Economist David Rosenberg explains factors suggesting an 80% probability of recession and negative impacts on financial markets in 2019. Here is a direct video link.
“We’ve got more than 80 percent chance of recession just based on the fact the Fed is tightening policy,” he said. “This tightening of financial conditions that we’ve seen in the markets is going to end up having a cascading effect on the economy for the first few quarters of this year.”
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