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ROSENBERG: 'The Chances Of A Recession In The Next Year Or Two Are Close To Zero'
Advisor Perspectives ^ | 3-4-2014 | Robert Huebscher

Posted on 03/04/2014 11:52:35 AM PST by blam

ROSENBERG: 'The Chances Of A Recession In The Next Year Or Two Are Close To Zero'

Robert Huebscher, Advisor Perspectives
Mar. 4, 2014, 10:50 AM

Following a lackluster recovery that began in June 2009, many fear the U.S. is due for another recession, given that the average post-war economic expansion lasted five years. But we’re only in the “fourth or fifth inning of the business cycle,” according to David Rosenberg, who predicts growth in consumer and capital spending – and positive returns for U.S. equities.

“It takes a lot to shock the U.S. economy into a recession,” Rosenberg said. None of the factors that historically triggered a recession – such as a tightening move by the Federal Reserve – are likely over the next two years, according to Rosenberg.

(snip)

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: economy; markets; recession; rosenberg
I think this is the same guy, who a couple years ago, told us that we'd have crashed & burned by now.
1 posted on 03/04/2014 11:52:35 AM PST by blam
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To: blam
But we’re only in the “fourth or fifth inning of the business cycle,”

Isn't this one of the metrosexuals who during the Clinton years said "We beat the business cycle"...

2 posted on 03/04/2014 11:54:54 AM PST by Old Sarge (TINVOWOOT: There Is No Voting Our Way Out Of This)
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To: blam

Close to ZeroBama?


3 posted on 03/04/2014 11:55:08 AM PST by SkyDancer (I Believe In The Law Until It Intereferes With Justice.)
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To: blam
'The Chances Of A Recession In The Next Year Or Two Are Close To Zero'

Yeah, the economy is so bad, we have zero chance of moving from a depression to a recession.

4 posted on 03/04/2014 11:57:33 AM PST by mountn man (The Pleasure You Get From Life Is Equal To The Attitude You Put Into It)
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To: blam

How are the chances for a recovery from the 2009 recession? We haven’t seen that around here yet.


5 posted on 03/04/2014 11:57:36 AM PST by Berosus (I wish I had as much faith in God as liberals have in government.)
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To: blam

But a crash/recession THIS year is FOR SURE


6 posted on 03/04/2014 12:01:13 PM PST by buffyt (The only person who is safe in a gun free area is THE MANIAC WITH A GUN!)
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To: blam

That would probably be true since we never actually “turned the corner” or got on the “road to recovery”.


7 posted on 03/04/2014 12:01:14 PM PST by rktman (Ethnicity: Redneck. Race: Daytona 500)
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To: Berosus

FOR SURE!


8 posted on 03/04/2014 12:01:29 PM PST by buffyt (The only person who is safe in a gun free area is THE MANIAC WITH A GUN!)
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To: Berosus

Dow +235.05
16,403.08
+1.45%

Nasdaq +73.46
4,350.76
+1.72%

S&P +27.67
1,873.40
+1.50%


9 posted on 03/04/2014 12:01:42 PM PST by Beagle8U (Unions are an Affirmative Action program for Slackers! .)
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To: blam

We never got out of the 2007-8 recession!


10 posted on 03/04/2014 12:04:52 PM PST by Dallas59 (Obama: The first "White Black" President.)
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To: blam

The economy is fine, been real good since around 2009, and will continue to be just peachy keen at least until 2016. Now if a dreaded “R” gets elected in 2016 the whole thing goes up in smoke and the homeless will reemerge. Do I need the “S” thingy.


11 posted on 03/04/2014 12:05:07 PM PST by WinMod70
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To: blam

Good, cuz we ain’t finished with this one yet..................


12 posted on 03/04/2014 12:08:00 PM PST by Red Badger (LIberal is an oxymoron......................)
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To: blam

13 posted on 03/04/2014 12:15:36 PM PST by SoFloFreeper
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To: Beagle8U

Proving what? What will you say tomorrow when the markets go down by the same amount? And what makes the stock market any proof of economic growth? There’s just no other place to put your money.


14 posted on 03/04/2014 12:17:15 PM PST by ozzymandus
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He brings us bad news. It would be good to move up out of the Great Obama Depression into a mere recession.


15 posted on 03/04/2014 12:17:24 PM PST by faithhopecharity (" uri)
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To: blam

It's March 1930, and Hoover says, "There is no chance of a recession this year..."

When you're right, you're right...

16 posted on 03/04/2014 12:17:50 PM PST by DoughtyOne (Immigration Reform is job NONE. It isn't even the leading issue with Hipanics. Enforce our laws.)
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To: blam
Rope a dope. The left hook is gaining momentum. So far, Ann Barnhardt has been closer to the truth than anyone else. I guess with no one preparing for a crash, the masses will be easier to control when they have nothing left.
17 posted on 03/04/2014 12:20:32 PM PST by vetvetdoug
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To: ozzymandus

It proves nothing but the market is up.


18 posted on 03/04/2014 12:21:36 PM PST by Beagle8U (Unions are an Affirmative Action program for Slackers! .)
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To: blam

““It takes a lot to shock the U.S. economy into a recession,” Rosenberg said. “

Which is why it is done so often?? Idiot.


19 posted on 03/04/2014 12:30:01 PM PST by CodeToad (Keeping whites from talking about blacks is verbal segregation!)
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To: Beagle8U

It was up during the other Great Depression, too.


20 posted on 03/04/2014 12:30:45 PM PST by CodeToad (Keeping whites from talking about blacks is verbal segregation!)
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To: blam

I agree that chances of a recession in the next year or two are close to zero and that’s because we’re still in one. Wonder what his prediction for a depression are.


21 posted on 03/04/2014 12:33:02 PM PST by maddog55 (I'd be Pro-Choice if we could abort liberals.)
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To: CodeToad

So? Even after the crash of 29 the market gained it all back pretty quick.

If the market crashed again like it did in 29 paper dollars would be worthless too. Gold is impractical to use in barter, the markets are a safer bet today.


22 posted on 03/04/2014 12:38:47 PM PST by Beagle8U (Unions are an Affirmative Action program for Slackers! .)
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To: blam
"Rosenberg is the chief economist and strategist at Gluskin Sheff, a Toronto-based wealth management firm."

Kinda rough for a man, when lack of consumer spending--even on certain kinds of investments--begins to cut into his own revenues.


23 posted on 03/04/2014 12:46:27 PM PST by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: blam
2014 - Summer of Recovery 5.0
24 posted on 03/04/2014 12:46:43 PM PST by TigersEye (Stupid is a Progressive disease.)
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To: blam

....,,,any professional that can say anything positive about the US Govt abused qnd intentionally mis-reported economy right now has to be a socialist/Marxist/ communist/liar earnestly spewing out more lies to support all of Obama’s lies or he is lying based on orders from whoever is signing his paycheck.


25 posted on 03/04/2014 1:05:19 PM PST by Cen-Tejas (it's the debt bomb stupid!)
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To: DoughtyOne

I guess you forgot that the dhimmicrats did everything they could to spoil the Hoover recovery plan


26 posted on 03/04/2014 1:09:03 PM PST by South Dakota (shut up and build a bakken pipe line)
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To: SoFloFreeper

Do you know what I heard our deficit is?

One MILLION dollars!


27 posted on 03/04/2014 1:10:08 PM PST by FourtySeven (47)
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To: blam
I think this is the same guy, who a couple years ago, told us that we'd have crashed & burned by now.

He was the guy who said:

In 2005, when the housing market was booming, he was one of the first to say the bubble would burst. In 2006, when consumer prices were rising, he told investors to expect disinflation. In 2007, when the U.S. economy was still growing, he warned that a nasty recession was on the way.

He was right about that stuff, though maybe in the sense that a stopped clock is right twice a day: predict that what goes up must come down sooner or later, and you'll be right so long as you don't give an actual date.

The story is cherry-picking or spin, though. Maybe there won't be a recession in the near future because the inflation that he predicted last month is going to take off. Could be Rosenberg is erratic and a little crazy, or it could be that the papers just report when he says what they want to hear.

I don't know what to make of Rosenberg and his predictions, but just because he makes a certain prediction at a certain time doesn't make him an enemy of the people. If he simply told people what they wanted to hear because of ideology, he'd be worthless as an economic forecaster.

28 posted on 03/04/2014 1:22:32 PM PST by x
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To: blam

Did he also predict that the Russians would never invade the Ukraine?


29 posted on 03/04/2014 2:01:25 PM PST by Lonesome in Massachussets (In the long run, we are all dead.)
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To: Beagle8U

The point wasn’t about markets. The point was that the people suffered regardless of the market.


30 posted on 03/04/2014 2:09:17 PM PST by CodeToad (Keeping whites from talking about blacks is verbal segregation!)
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