David Rosenberg
David Rosenberg.
  • There's a recession looming that threatens to hammer stocks, David Rosenberg says.
  • The veteran economist said the potential sell-off makes 2022's decline look like an "appetizer."
  • Labor hoarding and debt-fueled spending can't shore up the economy for much longer, he says.

The economy is barreling toward a recession — and it could trigger a stock-market meltdown that puts 2022 to shame, David Rosenberg warned.

"The rubber will meet the road in 2024, and the bull market in complacency will unravel as the recession few see, and few are positioned for, finally comes into view," the Rosenberg Research president wrote in a LinkedIn post on Tuesday.