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Last week\\u2019s podcast with influential and outspoken economist David Rosenberg generated a tremendous amount of traffic and comment. We are running part 2 this weekend.
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\\nRosenberg had been predicting the end of both the record-breaking U.S. recovery and bull market this year. Needless-to-say it hasn\\u2019t happened, and he is the first to admit he missed this year\\u2019s impressive run in large-cap stocks as a result. However, his recommendation to own long-term Treasury bonds has paid off. Year-to-date the 30-year has delivered about a 20% return.
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\\nRosenberg who is known for seeing emerging economic patterns before most others do, sometimes a couple of years early, is sticking to his guns in forecasting that a U.S. recession is imminent and is very concerned about the damage the record-breaking load of U.S. and global debt, what he  calls \\u201cthe mother of all credit bubbles on steroids\\u201d will have when it occurs.  
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\\nWhat was intended as one session with us turned into two because he had so much evidence to share about global and domestic conditions and the state of the financial markets.
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\\nLast week he made his case for recession. This week his focus extends to the markets and recession resilient investments.  
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\\nAs we mentioned last week, Rosenberg is launching his own macro research and strategy firm in January, Rosenberg Research and Associates. He explains why he decided to make that long-held dream a reality in our EXTRA feature on WEALTHTRACK.com. In the meantime, he remains as Chief Economist and Strategist at Toronto based wealth management firm, Gluskin Sheff.

More info at: https://wealthtrack.com/slowing-economies-record-levels-of-debt-are-a-dangerous-mix/