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EssentialThe Essential Conversation

"Forewarned Is Forearmed": Reflecting on Black Monday

Featuring David Rosenberg and Maggie Lake

Oct 19, 2022 • 50 minutes

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Essential

The Essential Conversation

"Forewarned Is Forearmed": Reflecting on Black Monday

Today marks 35 years since the infamous stock market crash. What can it teach us about the current environment?

Featuring David Rosenberg and Maggie Lake

Oct 19, 2022 • 50 minutes

David Rosenberg’s first day as a Wall Street economist was October 19, 1987 – Black Monday. This “baptism by fire” is a fundamental experience in his understanding of the financial system’s fragility. Speaking with Real Vision’s Maggie Lake, Rosenberg – now the president, chief economist and strategist of Rosenberg Research & Associates – explains the mechanics of one of the market’s worst crashes in history, noting that, ultimately, it was a liquidity-driven event. And that makes it particularly relevant today: Rosenberg expresses concern that the Federal Reserve is aggressively withdrawing liquidity into a recessionary bear market. It’s an even worse setup than Black Monday. And, as Rosenberg sees it, the other shoe has yet to drop. Recorded on October 13, 2022. Show More

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

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