‘Economy’s fate has been sealed’, ‘cleanse’ your portfolio, warns top economist
David Rosenberg, one of Wall Street’s influential voices, has issued a warning about the next stage of the U.S. economy, urging investors to act swiftly.
The chief economist and strategist at Rosenberg Research based his caution on an analysis of the latest Federal Reserve Beige Book, concluding that around 60% of the U.S. economy is either in recession or dangerously close to it, he said in an X post on April 25.
Notably, the Beige Book, a report compiled from the Federal Reserve’s 12 regional banks, provides a real-time snapshot of business conditions across the country.
