Rosenberg: The Recession Has Been Delayed, Not Derailed

The video discusses the current global economic situation, focusing on the stock market's reaction to recession predictions. It highlights the delay in recession onset, typically occurring two years after the first Fed rate hike, and the financial sector's preparations for potential defaults. The speaker advises against extrapolating recent bond market trends and suggests investing in bonds despite their lack of appeal compared to stocks.

What actions are banks taking in response to the anticipated economic downturn?

In what ways does the speaker suggest that investing in bonds could be beneficial in the current economic climate?