Famed economist David Rosenberg has warned of a 'crash landing' and a recession ahead for the U.S. economy, citing Fed data.
Famed economist David Rosenberg has warned of a “crash landing” and an impending recession for the U.S. economy. Referring to the Philadelphia Fed’s manufacturing index chart, he stressed: “Take a good hard look at this chart and tell me we are heading into a ‘soft’ or ‘no’ landing. More like a ‘crash’ landing.”Famed economist David Rosenberg warned that the U.S. economy may be headed for a crash landing in a tweet last week. Rosenberg is the president and chief economist of Rosenberg Research.
Take a good hard look at this chart and tell me we are heading into a ‘soft’ or ‘no’ landing. More like a ‘crash’ landing. Charlie Bilello, chief market strategist at wealth management firm Creative Planning, similarly explained on Twitter in February how the Philly Fed Manufacturing Index accurately predicted recessions in the past, stating:
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