Back in March, David Rosenberg, chief economist and strategist at Gluskin Sheff, spoke to Real Vision's Ed Harrison, predicting a recession in business investment due to leveraged corporate balance sheets. In this interview, Rosenberg updates us on his capex recession thesis, and on the investment ideas he gave us in March. He tells us how close we are to recession, and updates us on his economic outlook and investment strategy. Rosenberg touches on Europe, Canada, and why UK interest rates are a sign of what’s to come in the US. Finally, he explains his thesis for why the Fed will cut by 50 basis points in July. Filmed on June 24, 2019 in New York.
In "Investment Ideas," Real Vision seeks out the market's best medium- and longer-term opportunities. The show is designed to provide actionable takeaways for investors with longer time horizons.