Q&A: David Rosenberg on Economic Recovery and a Stock Market Bubble Coryanne Hicks © (Getty Images) A Mexican restaurant adapts to the Covid-19 lockdown. The owner hands an order to a customer outside the restaurant; they are both wearing gloves and masks.
The COVID-19 vaccine is widely expected to fuel a V-shaped economic recovery as newly inoculated Americans – cooped up for more than a year – flock to stores and restaurants to spend.
At least, that s the theory. And while many experts think it s likely, famed contrarian David Rosenberg – as you might expect – believes otherwise.
We spoke with the founder, chief economist and strategist at Rosenberg Research & Associates, about his outlook for 2021. Fair warning: He s plenty bearish, but says there is still value to be found.
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Rosenberg sounds alarm over higher post-COVID savings rate
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Symbiosis CEO, Samuel Junghenn says volatility is not a measure of an investment’s validity.
Guggenheim’s Scott Minerd says BTC should be worth approximately £296,150.
After bitcoin (BTC) recently set new highs, David Rosenberg, the chief economist, and strategist at Rosenberg Research & Associates has come out to bash the coin. He went on an interview on December 17, where he said Bitcoin is a massive bubble and that its investors do not understand how its supply works. Rosenberg, who is famous for identifying the housing market bubble 15 years ago, noted that most BTC enthusiasts do not even know who developed it or how it is mined.