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Recession outlook, going out of business, economy
Indebted households and shrinking personal incomes are two imbalances that risk tipping the economy into a downturn, according to David Rosenberg.

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  • The US looks poised to enter a recession, thanks to troubling trends in household finances.
  • Economist David Rosenberg pointed to rising debt levels and shrinking incomes among American households.
  • Those are financial imbalances that could mean a recession is on the way, he suggested.

The US still looks poised to enter a recession, as rising debt and shrinking incomes are setting the economy up for a downturn.

That's according to David Rosenberg, a top economist and the founder of Rosenberg Research who's been warning for months that the US looks like it is headed for an economic contraction.

Tags
economy, Recession, recession-outlook, hard-landing, household-debt, household-incomes, delinquency, credit-bubble, david-rosenberg, us-economic-outlook, Unemployment, job-market, job-market-outlook
Source
Rising household debt and shrinking incomes are setting the stage for a recessi…