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David Rosenberg
David Rosenberg.

CNBC

  • David Rosenberg sees a near-term recession, a 20% hit to stocks, and a damaging credit crunch.
  • The economist panned the Fed for hiking interest rates too much, and said they could hit zero again.
  • Rosenberg noted that recessions present great buying opportunities for brave investors.

US investors should expect a painful recession by September, a 20% plunge in the S&P 500, and a dangerous credit crunch, David Rosenberg has warned.

Tags
Markets, MI Exclusive, Stocks, Stock Market Outlook, US Markets and Economy, David Rosenberg, Rosenberg Research, Inflation, Recession, Interest Rates, Federal Reserve, Monetary Policy, Unemployment, Credit Crunch, Banking Crisis, Bank failures, Housing Market
Source
Brace for a recession by September, a 20% plunge in the S&P 500, and a painful …