Famed economist David Rosenberg nailed the housing crash. Now he explains why this crisis won't end as quickly as it began, and shares an investing strategy for the next 3 years and beyond.
about a looming economic crisis long before the coronavirus pandemic caught the world by surprise.
"Initially — and I mean for the next one or two years — this is going to be a deflationary shock of intense proportions," Rosenberg recently said on the"It will be a deflationary shock that will linger on for the next one, two, or three years. We're going to be left, most likely, with double-digit unemployment for an extended period of time."
He added that much of the stimulus cash will likely be stashed away: companies will be focused on maintainingFollowing a deflationary period of about three years, Rosenberg sees consumer and business demand returning to some semblance of normal, provided a vaccine or herd immunity proves effective against the coronavirus.
Rosenberg also sees a future where supply chains become more localized given the global and tactile spread of this crisis.
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