Memo From the Chief Economist

Memo From the Chief Economist

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Truth and Consequences Over the AI Boom
Let’s put aside the hype — the AI boom will further reduce labor demand. The overall growth picture isn’t what it seems from the headline numbers alone.
 • David Rosenberg
Memo to Prime Minister Carney: Make Canada Competitive Again!
Canada’s structural economic problems predate the Trump tariffs, and have more to do with uncompetitive corporate tax rates. A dramatic tax reform is…
 • David Rosenberg
Job Market In Recession Even If The Economy Isn’t
Nonfarm payrolls surprised to the downside, with the most cyclically-sensitive sectors in outright decline.
 • David Rosenberg
Tackling the Labor Market Debate — This Is More a Demand than Supply Story
The widespread view that the slow pace of job growth is primarily from falling labor supply ignores the clear signs of decay in labor demand.
 • David Rosenberg
The Takaichi Transformation
The new Prime Minister of Japan is set to unleash a bullish reform agenda.
 • David Rosenberg
This Bubble Is Double Trouble
We are in a classic equity bubble, with the market fueled primarily by leverage, sentiment, and momentum.
 • David Rosenberg
Will Powell Listen to the Staffers?
Investors are now second-guessing just how dovish Jay Powell will sound today, as the swaps market, having priced in 100% odds of a September 17th rate…
 • David Rosenberg
Memo From the Chief Economist
Memo From the Chief Economist
Published roughly once every 1-4 weeks, this publication provides insight into David Rosenberg's big picture views on the ever-changing economic landscape.

Memo From the Chief Economist

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