You Want It Darker

“What’s working for investors?

Mar 30 • David Rosenberg

12

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

3

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

6

1

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…

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

November 2025

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.

Nov 14, 2025 • David Rosenberg

October 2025

The Takaichi Transformation

The new Prime Minister of Japan is set to unleash a bullish reform agenda.

Oct 27, 2025 • David Rosenberg

1

September 2025

This Bubble Is Double Trouble

We are in a classic equity bubble, with the market fueled primarily by leverage, sentiment, and momentum.

Sep 22, 2025 • David Rosenberg

2

August 2025

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…

Aug 22, 2025 • David Rosenberg

3

You’re Fired! The REAL Reason Behind the Job Revisions and Why the BLS Commissioner Should NOT be Blamed

“For the FOURTH month in a row, jobs numbers have beat market expectations with nearly 150,000 good jobs created in June.

Aug 5, 2025 • David Rosenberg

6

1

July 2025

This is Where the Narrative Gets Dangerous

Look, we have not seen an average tariff rate of 20%+ in over a century… having soared from 2.5%.

Jul 24, 2025 • David Rosenberg

Tea Party — Where Art Thou?

The Big, Beautiful Bill will explode the deficit at the worst possible time — with a major demographic transition making the debt burden even higher.

Jul 4, 2025 • David Rosenberg

1