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SPEAKER 2
My name is Michael Guyad, publisher of The Lead Lager. Joining me for the rough hour is Mr. David Rosenberg, who I know a lot of people are familiar with. I always start off saying, David, introduce yourself. I know a lot of people know you. But maybe before we get into a deeper discussion around markets and the economy,
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set the record straight, because a lot of people, I think, might be under the impression, I know wrongly so, that you're a perma-bearer. Set the record straight on that.
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SPEAKER 1
Well, I don't believe that there's a perma anything because perma by definition means permanent. And there is nothing permanent and especially in this industry of the financial markets. So I think that people get that idea because it's been a long time since I've been bullish on the S&P 500.

David Rosenberg's Bold Predictions on Global Markets and Economic Trends

Lead-Lag Live Video Of The Week

Curious about why David Rosenberg is shedding his "perma bear" label? Join us for an eye-opening discussion with the esteemed economist as he challenges conventional wisdom and shares his optimistic outlook on markets outside the S&P 500. David dives into the hidden opportunities in Japan, India, and the commodities sector, emphasizing the importance of diversification and capital preservation. He also offers a fresh perspective on the often-overlooked UK market, providing valuable alternatives to the overvalued S&P 500.

Discover the surprising factors behind last year’s 3% GDP growth and prepare for a potential recession on the horizon. David sheds light on the connection between rampant fiscal stimulus, excess savings, and the resulting YOLO spending mentality that temporarily boosted economic figures. As he draws on historical economic patterns, David warns of the disconnection between large-cap tech stocks and the broader economy, suggesting that looming recessionary pressures could impact their long-term valuations.

If you enjoy this interview, consider joining the few who understand this as a full-access subscriber of The Lead-Lag Report through a paid subscription.

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Explore the intricate dynamics of Federal Reserve rate cuts and their far-reaching impacts, from the US dollar’s anticipated bear market to the robust performance of Japan’s equity markets. David offers keen insights into the structural changes within Japan’s corporate sector, the bullish outlook on India’s economic growth, and the intricate dance of commodity markets. The episode concludes with a lively Lead-Lag Live discussion where David answers audience questions, offering a deeper understanding of today’s financial trends. Don't miss this engaging and informative episode with David Rosenberg!


The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.

Discussion about this podcast

It is rather unfortunate that you didn't ask Rosie about his SICC 2023 presentation regarding the 10 year. His 40ish page pdf justifying buying the 10 year at 3.5% 14 months ago whereby he spent an entire hour discussing the merits of this call seems to have vanished from his lexicon.

Which "prescient" calls will disappear from his lexicon next year? Predicting the future is difficult at best. I just don't understand why he doesn't he own this mistake and show how and where he was wrong.

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