Will Warsh Risk a Recession to Get to +2% Inflation?

A watershed moment at the Warsh-led Fed

Sep 18 • David Rosenberg

4

August 2026

Don’t Call it Debasement — Dollar Depreciation is Just Fine

I don’t recall a time when we had such inept and confusing U.S. economic and foreign policy.

Aug 28 • David Rosenberg

4

July 2026

The Fed Needs Its Head Examined If It Pulls the Rates Trigger

Despite fading inflation pressures and slowing economic growth, markets continue to price tighter monetary policy. Is a monetary policy pivot on the…

Jul 6 • David Rosenberg

9

2

June 2026

Life On Mars?

The SpaceX IPO is the latest symbol of a market willing to overlook valuations, even as mounting risks point towards familiar boom-bust dynamics.

Jun 15 • David Rosenberg

1

The Mispricing of Risk

The equity market features deteriorating breadth, extreme valuations, and dependence on a narrow AI trade that is facing its first real test.

Jun 10 • David Rosenberg

13

2

Consumer Hanging On By A String

The AI euphoria is masking a narrowing market and a weakening economy, while the divide between capital and labor continues to grow.

Jun 1 • David Rosenberg

7

May 2026

The Inflation Call

Everyone has inflation on the brain, but nobody believes this energy shock will trigger a recession.

May 5 • David Rosenberg

24

2

March 2026

You Want It Darker

“What’s working for investors?

Mar 30 • David Rosenberg

20

Rupture Disguised As Resilience

Beneath the headline data, the U.S. consumer is becoming increasingly dependent on debt to sustain spending, exposing the most fragile side of today’s…

Mar 2 • David Rosenberg

4

February 2026

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.

Feb 23 • David Rosenberg

7

1

Memo to Prime Minister Carney: Make Canada Competitive Again!

Canada’s structural economic problems predate the Trump tariffs, and are partially due to uncompetitive corporate tax rates. A dramatic tax reform is…

Feb 9 • David Rosenberg

15

1

January 2026

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.

Jan 12 • David Rosenberg

17

1