Screenshot via Bloomberg TV
- The US stock market has become a "get-rich-quick" scheme driven by AI mania and the return of "animal spirits", David Rosenberg said.
- The top economist also doubled down on recession warnings for the US economy, and ruled out hopes of a soft landing.
- "There is no chance we're having a soft landing in the context of the most pernicious tightening by the Fed since the Paul Volcker years," he said.
The US stock market has become a "get-rich-quick" scheme that's masking the economic distress ahead, according to top economist David Rosenberg.