Rosenberg: global recession coming, no quick path out

“This is going to be a capital-spending-led recession,”Rosenberg, the senior economist and strategist at Gluskin Sheff + Associates told BNN Bloomberg in an interview on Thursday. “The consumer will follow like a domino….

“We don’t have the traditional fiscal, or, certainly monetary policy bullets anywhere in the world to fight the next recession,” he said. “So, I think that’s something else we have to consider: It’s not really about peak-to-trough decline. It’s: Once it starts, how do we get out of it?”Here is a direct video link.