Episode Details

Veteran economist and market strategist David Rosenberg joins Maggie Lake to explain why he believes the U.S. economy is weaker than headline data suggests. Rosenberg breaks down slowing growth, disinflation, labor-market weakness, the disconnect between strong corporate earnings and stagnant household income, and why AI spending may be masking broader economic softness. He also makes the contrarian case that the Federal Reserve’s next move could ultimately be a rate cut—not another hike—and explains what investors should watch if the economy continues to lose momentum. 💡 David Rosenberg warns the U.S. economy may be far more fragile than it looks, with labor-market weakness and an AI boom masking broader softness. He also explains why the Fed’s next move could be a rate cut, not another hike. Join the Wealthion community for more on the forces shaping markets — and how to protect and grow your wealth: https://bit.ly/3UKCU5m 📘 David Rosenberg’s first book, Bear in the Bull Ring, is expected to be released in early October. Drawing on four decades in markets, Rosenberg shares the lessons, risks, and investing principles that have shaped his career as one of Wall Street’s best-known contrarian voices. Pre-order Bear in the Bull Ring here: https://bit.ly/4bZ3sWx Chapters: 00:00 David Rosenberg: Fed Rate Cuts & Economic Warning Signs 00:21 David Rosenberg on Bear in the Bull Ring 04:12 Will the Federal Reserve Cut Rates Next? 05:46 Weak GDP Growth & Falling Inflation 08:23 Why the U.S. Economy Is More Fragile Than It Looks 09:23 Labor Market Weakness Could Change the Fed’s Focus 10:08 Treasury Yields, Bond Markets & Inflation Uncertainty 13:53 Why Are S&P 500 Earnings Still So Strong? 16:51 AI Spending, Corporate Profits & Recession Risk 19:51 Is the AI Boom Masking a Weak Economy? 22:30 The Stock Market Wealth Effect & Consumer Spending 24:26 What Happens If Stocks Stop Rising? 25:34 Rising Real Rates Are a Threat to the Economy Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #DavidRosenberg #Economy #FederalReserve #StockMarket #Recession #Inflation #InterestRates #AI #Investing #Markets ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust.

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