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Wall Street bear David Rosenberg warns that a recession is virtually unavoidable this year

January 3, 2019

Via: CNBC

One of Wall Street’s biggest bears is warning the economy is on a collision course with a recession.

Gluskin Sheff’s David Rosenberg has little doubt growth will turn negative in 2019 as the stock market flounders.

“We’re going into a recession,” the firm’s chief economist and strategist said Wednesday on CNBC’s “Trading Nation. ” “I think it will be this coming year.”

Rosenberg predicted in November on the program that the historic bull run was cracking. However, he was uncertain whether it would cause an outright recession.

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