Part 4/9:
Rosenberg suggested that signs of a recession are already evident, particularly in Canada. According to him, the convergence of rising gold imports and flat private sector sales in the U.S. signifies troubling economic winds. As he modeled out potential trajectories, he anticipated that recessionary conditions could emerge as early as the second half of the year, with critical thresholds being crossed that resemble the economic contractions witnessed in 2019.