Rosenberg Research
- A recession is four times more likely to happen than an expansion, says economist David Rosenberg.
- Real retail sales and industrial production are flagging, a key signal a recession is around the corner.
- Labor-market data may also not be painting the full picture, Rosenberg said.
Economist David Rosenberg has been sounding the recession alarm in recent months, and he now thinks that the likelihood is much greater that the US sees a contraction this year.
The head of Rosenberg Research said he believes that a recession is four times more likely than an economic expansion, and it's just a matter of time as more signals kick in until the recession narrative comes back into focus.