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- Top economists see a painful credit squeeze and crash in the commercial real estate market.
- David Rosenberg predicted the US will tip into a recession by September.
- "A recession is a very big call because it's a haircut to national income," he said.
It's an uncertain time for the US economy.
GDP growth slowed more sharply than expected in the first quarter. More and more companies are announcing mass layoffs. Inflation has cooled by remains high, raising new questions about how high the Federal Reserve will lift rates.
Elsewhere, turmoil has slammed regional banks. Silicon Valley Bank collapsed last month, and First Republic Bank could be the next shoe to drop.
The consensus view has zig zagged and now looks like less of a consensus. For what it's worth, here's what three top economists are saying about the US economy.