CNBC
- A recession will hit by the spring, and the S&P 500 will crash by 25% or more, David Rosenberg says.
- American consumers have propped up the economy but they're on the brink of tapping out, he says.
- Rising home prices aren't good news as they reflect weak demand meeting even weaker supply, he says.
The US economy will crater by spring, causing the S&P 500 to crash by 25% or more, David Rosenberg has predicted.
"If this recession hasn't happened by the first quarter of next year," he recently said on the WTFinance podcast, "I will wipe the egg off my face, and I'll write a report saying, 'I was wrong, the business cycle has been repealed after all."