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☆ Here's why Rosenberg Research founder is still expecting a recession this year
▼ + stars: | 2024-03-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Rosenberg Research founder is still expecting a recession this yearDavid Rosenberg, Rosenberg Research founder and president, joins 'Money Movers' to discuss why he is sticking with his recession call, what's been surprising on the growth side of the economy, and more.

Persons: David Rosenberg, Rosenberg, what's Organizations: Rosenberg Research

☆ 'We are still in a market bubble': A famed economist who called the 2008 recession warns the S&P 500 is as vulnerable as it was before its 25% fall in 2022 — and shares 3 signs of hidden weakness
▼ + stars: | 2024-03-16 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Just because the current valuation backdrop isn't as extreme as 1999-2000, we are still in a market bubble, and valuations are even more stretched today than they were at the market peaks in 2007, 1990, and 1980." Rosenberg ResearchSecond, the S&P 500 is outperforming the HYG/TLT Ratio. AdvertisementRosenberg ResearchAnd third, even tech stocks, which have been overwhelmingly supporting the S&P 500, appear to be running out of gas, Rosenberg said. The same goes for Paul Dietrich, the chief strategist at B. Riley Wealth, who says the S&P 500 could fall 49% when the current bubble pops. The bull market has thrown egg onto their faces again and again: since the October 2022 lows, the S&P 500 is up a whopping 42%.

Persons: —, David Rosenberg isn't, Merrill Lynch, Rosenberg, he's, manias, HYG, Michael Hartnett, Jeremy Grantham, Paul Dietrich, Riley Wealth, Dietrich, Grantham, Carol Schleif Organizations: Service, Rosenberg Research, Business, Equity Model, Dow Jones, Dow Transports Index, Bank of America's, Bank, America, BMO Family Office

☆ 'Nearing exhaustion': Top strategists warn that weaker consumer spending could cause US stocks to run out of steam — but 22 investments can thrive during a market reversal
▼ + stars: | 2024-03-16 | by ( James Faris | ) www.businessinsider.com time to read: +10 min

Eight economists, investment chiefs, and strategists that Business Insider recently spoke to credited healthier-than-anticipated consumer balance sheets and spending for the continued expansion. "Either that, or they're going to be maxed out — they can't get any more money. They're not going to have any liquidity to be able to continue to do the things they're going to do." He's also sticking with defensive stocks as consumer spending softens, including those in the consumer staples sector like Clorox (CLX) and Procter & Gamble (PG). Real estate is a "hated asset class" that's negatively correlated with interest rates, Sekera said.

Persons: shouldn't, Kevin Gordon, Charles Schwab, they're, Sue Crotty, Ed Clissold, Ned Davis, Clark Bellin, Bellin, David Rosenberg, They're, Rob Swanke, Swanke, Preston Caldwell, Morningstar's, Dave Sekera, Sekera, Christopher Barto, Gordon, Clissold, He's, Morningstar's Sekera, Crotty, Segal Marco Advisors, She's, Barto, that's Organizations: Business, Consumers, Segal Marco, Ned, Ned Davis Research, Commonwealth Financial Network, Nasdaq, Morningstar, Fort Pitt Capital Group, Procter, Gamble, Federal Reserve, Exxon, APA Corp, Duke Energy, Segal, Energy, Healthcare Locations: Devon, Real, NiSource

☆ David Rosenberg, Jeremy Grantham, and 4 other market gurus just rang the alarm on a stock market bubble
▼ + stars: | 2024-03-16 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Here are six recent bubble warnings from experts this week:Advertisement1. "We are nonetheless in a market bubble." Paul Dietrich"The Stock Market Bubble Is About to Burst — Look Out!" AdvertisementGrantham also suggested the AI craze would end and bring the stock market down with it. Michael GayedGayed flagged the recent surge in gold, utility stocks, and long-term Treasury bonds as evidence of mounting market jitters in an InvestorPlace op-ed this week.

Persons: —, David Rosenberg, Merrill Lynch, Rosenberg, Paul Dietrich, Riley Wealth, Jeremy Grantham Stocks, Grantham, Michael Hartnett, Hartnett, Larry Summers, Summers, Michael Gayed Gayed Organizations: Service, Nvidia, Business, Rosenberg Research, North, Bloomberg, Bank of America, Tidal Locations: North American

☆ Rising unemployment poses the biggest threat to a soft landing, Nobel economist Paul Krugman says
▼ + stars: | 2024-03-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

A US soft landing looks likely, but rising unemployment is cause for worry, Paul Krugman wrote in The New York Times. AdvertisementThe US economy is comfortably in soft landing territory, but Paul Krugman says it isn't altogether clear that it will stay that way. February's jobs report triggered these concerns, as the unemployment rate unexpectedly rose to 3.9% from 3.7%. Krugman notes that on other fronts, however, soft landing advocates have a stronger case. While consumer price index inflation data has outpaced expectations two months in a row now, these recent reports are not completely in line with reality, Krugman wrote.

Persons: Paul Krugman, —, He's, Krugman, David Rosenberg, That's, Biden, we're Organizations: The New York Times, Service, New York Times

☆ Layoffs could be coming as debt-laden firms navigate the pain of higher rates, economists say
▼ + stars: | 2024-03-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

That's because aggressive Fed rate hikes haven't been fully felt across the economy. AdvertisementA wave of layoffs could be coming as companies deal with the reality of higher interest rates, economists say. The peak unemployment rate during the Great Recession was 10% in 2009. Following revisions to the prior two months' figures, the unemployment rate also rose to 3.9% in February, its highest level in two years. The unemployment rate is a classic lagging indicator."

Persons: David Rosenberg, —, what's, Steve Briggs, Briggs, Rosenberg Organizations: Service, Rosenberg Research, Briggs, Bureau of Labor Statistics, Fitch

☆ The economy averting a hard landing is 'laughable,' and companies are about to see a profit recession, economist says
▼ + stars: | 2024-03-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The US economy won't dodge a hard landing recession, according to Stephanie Pomboy. That could be followed by a "double-dip" profit recession as corporate earnings take a hit. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe US economy can't avoid a hard-landing recession, according to one top economist. She warned in a recent interview of a coming "double-dip" profit recession for US companies, which could cause earnings to nosedive and spark big problems for the economy.

Persons: Stephanie Pomboy, —, Pomboy, David Rosenberg Organizations: Service, ISI, Rosenberg Research

☆ How Fed Chair Jerome Powell's big decision could impact the upcoming presidential election
▼ + stars: | 2024-03-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, Fed Chair Jerome Powell's rate-cut decision could impact the upcoming presidential election . The decision, which has massive economic implications, is now butting up against another monumental event: a US presidential election. AdvertisementThe collision course puts an incredible amount of power in Fed chair Jerome Powell's hands , Business Insider's Emily Stewart writes. The two Wall Street titans are no longer expecting a recession , with inflation cooling and the job market holding steady. Recent graduates are adjusting their career expectations amid signs that the job market is starting to weaken, according to labor experts.

Persons: —, Jerome Powell's, Powell, Chip Somodevilla, Matt Rourke, Sarah Silbiger, Alyssa Powell, Emily Stewart, It's, He's, Biden, Robert Alexander, Getty, Joe Biden, David Rosenberg, it's, BEOWULF SHEEHAN, Tyler Le, Carrie Sun, Chase Coleman, Jamie Dimon, Ray Dalio, Chelsea Jia Feng, Elon Musk, Tesla, Musk, Lily Lyman, who's, Dealogic, Anson Chan, Lil Wayne, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Bloomberg, Getty, Federal Reserve, Trump, Wall, titans, Chelsea, Tesla, Nvidia, BI, Medical Properties Trust Locations: Powell, New York, London

☆ Chase CEO Jamie Dimon and billionaire hedge fund founder Ray Dalio admit they got warnings on US economy wrong — for now
▼ + stars: | 2024-03-10 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Jamie Dimon and Ray Dalio told WSJ that the US economy's performance has surprised them. AdvertisementChase CEO Jamie Dimon and billionaire hedge-fund founder Ray Dalio appear to be hedging on their doom-and-gloom predictions for the US economy after warning for some time that a recession was imminent. In September 2022, Dalio told MarketWatch that, as stocks and bonds suffer, the US will likely slide into a recession in 2023 or 2024. Advertisement"I was bearish on the economy," Dalio told The Wall Street Journal. Dimon told the newspaper that he "would have thought some of the fiscal stimulus would have worn off by now."

Persons: Jamie Dimon, Ray Dalio, —, Dalio, Dimon, Andrew Hollenhorst, David Rosenberg, CNBC's Organizations: Service, CNBC, Wall Street, Citi's, Rosenberg Research Locations: Ukraine

☆ A surprise recession could strike after an unexpected jump in the unemployment rate, economist says
▼ + stars: | 2024-03-09 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

An unexpected rise in the unemployment rate suggests a surprise recession could hit the US economy, according to David Rosenberg. The unemployment rate is now 0.5 percentage points above its cycle low to 3.9%, which Rosenberg says is a worrying sign. Rosenberg's concern stems from the February jobs report, which showed the unemployment rate unexpectedly rise to 3.9% from 3.7%. AdvertisementBut the Sahm Rule isn't triggered until the three-month moving average of the national unemployment rate is 0.5 percentage points or more above its low over the past year, not the absolute unemployment rate. But the rise in the unemployment rate is not the only factor concerning Rosenberg.

Persons: David Rosenberg, Rosenberg, Claudia Sahm, isn't, Sahm, subsector

☆ Why the productivity gains from AI won't be able to prevent a recession
▼ + stars: | 2024-03-01 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAs the artificial intelligence-powered stock market rally pushes on, proponents of the technology have posited that it could help ward off a recession that forecasters are calling for. According to David Rosenberg, economist and president of Rosenberg Research, don't get your hopes up. AI won't change the trajectory of the business cycle enough to prevent a downturn. The stock market is not the economy," Rosenberg added.

Persons: —, David Rosenberg, Rosenberg, IMB, Let's Organizations: Service, Rosenberg Research, Business, American, Devices, Intel

☆ Google is starting to feel like any other business, and staging a comeback won't be easy
▼ + stars: | 2024-02-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at how Google has gone from the tech industry's vanguard of cool to just another boring company . AdvertisementGoogle has long stayed atop Silicon Valley's volatile popularity contest — but the best place to work in tech is starting to feel like any other business , Business Insider's Hugh Langley and Lara O'Reilly write. Bureaucracy, an aversion to risk, and deference to Wall Street over employees — things Google long eschewed — have become the norm. The latest example is the debacle surrounding Gemini — its flashy new AI model that faced backlash for being too "woke."

Persons: —, Rebecca Zisser, Hugh Langley, Lara O'Reilly, Alistair Barr, Sundar Pichai, Hugh, Lara, Mateusz Wlodarczyk, BI's Peter Kafka, it's, David Rosenberg, Gary Shilling, Snowflake's Frank Slootman, Ozgur Hakan Aslan Toyota, Boxabl, Elon Musk, Tesla, Hewlett Packard, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Google, Business, Gemini, Meta, Big Tech, OpenAI, Corporations, Nvidia, SEC, Universal Music Group, Universal, BI Locations: —, New York, London

☆ Consumers fended off a recession — but keep spending like there's no tomorrow
▼ + stars: | 2024-02-29 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Read previewAmerican consumers have staved off a recession by relentlessly spending despite soaring inflation, surging interest rates, multi-industry turmoil, and wider economic jitters. AdvertisementBurry predicted that dwindling savings and ballooning debts would choke consumer spending, eroding corporate earnings and sparking a wider recession. That's going to lead to a retrenchment in consumer spending as we get into the new year." That "brings us just a little closer to the consumer recession that nobody believes is going to happen," he added. "With those sources of funding largely exhausted, consumer spending will no doubt grow more slowly than after-tax incomes in future years."

Persons: —, Here's, Michael Burry, Elon, Elon Musk, Spencer Platt, Carl Weinberg, David Rosenberg, Merrill Lynch, Rosenberg, Gary Shilling, Merrill Lynch's, who's, Shilling Organizations: Service, Business, Twitter, Scion Asset Management, Elon Musk, Getty, Rosenberg Research, North Locations: North American

☆ 5 indicators showing the economy isn't as strong as people think, according to top economist Dave Rosenberg
▼ + stars: | 2024-02-27 | by ( Aruni Soni | ) www.businessinsider.com time to read: +1 min

Top economist David Rosenberg says that's not necessarily true. In a recent research note, he listed five indicators that challenge the narrative that the economy is booming. But top economist David Rosenberg says not so fast. The Rosenberg Research president says that while many people are touting strong GDP, job-market, and consumer-spending data, red flags remain. This story is available exclusively to Business Insider subscribers.

Persons: David Rosenberg, that's, Rosenberg, —, There's Organizations: Service, Rosenberg Research, Business

☆ A fund manager beating 98% of his peers over the last 10 years breaks down why the stock market resembles the 'Nifty 50' bubble of the 1970s, when the market's biggest names got crushed as inflation s
▼ + stars: | 2024-02-22 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Disco is backOthers have also started to compare today's market and the 1970s' "Nifty Fifty." AdvertisementJPMorgan's Chief Global Strategist Marko Kolanovic also said in a note on Wednesday that fiscal spending and inflation could resemble the 1970s landscape. Similar to the 1970s, there are currently 3 active geopolitical conflict zones – eastern Europe, Middle East, and South China Sea," Kolanovic said. Kolanovic included in his note the chart below, which shows the correlation between inflation and the performance of the S&P 500.

Persons: —, Albert Edwards, Bank of America's Michael Hartnett, Jeffrey Gundlach, Cole Smead, Smead, Sears Roebuck, Alphabet's, Nvidia's, Microsoft's, Jeremy Siegel, David Rosenberg, Merrill Lynch, " Rosenberg, Marko Kolanovic, Kolanovic Organizations: Service, Societe Generale, Bank of America's, Treasury, Nasdaq, DoubleLine, Investments, Business, Morningstar, Microsoft, Nvidia, Xerox Locations: Europe, Middle East, South China

☆ A trusted indicator is fueling recession warnings from Jeremy Grantham and other gurus. What you should know about the Leading Economic Index.
▼ + stars: | 2024-02-21 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

The Leading Economic Index fell for the 22nd consecutive month in January. This story is available exclusively to Business Insider subscribers. The Leading Economic Index brings all of those together to gauge the future state of the economy across multiple dimensions, from growth and unemployment to consumer demand and homebuilding. Here's a screenshot showing the index's historic decline, from The Conference Board's latest release:AdvertisementThe Leading Economic Index has consistently declined ahead of previous recessions. There's no guarantee these four market veterans are right about the Leading Economic Index.

Persons: —, Here's, joblessness, David Rosenberg, Merrill Lynch, Jeremy Grantham, Jeffrey Gundlach, Gary Shilling, There's Organizations: Service, Business, Conference Board, Treasury, Manufacturers, Institute, Supply, The Conference, Board, Rosenberg Research, North, DoubleLine, Conference Locations: North American

☆ A closely watched gauge of economic activity says no recession headed for the US
▼ + stars: | 2024-02-20 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

The Conference Board's Leading Economic Index fell to its lowest level since April 2020. It marks the first time since July 2022 that the gauge is not signaling a recession ahead. The Conference Board's Leading Economic Index– a gauge of future economic activity — dropped 0.4% to 102.7 in January, signaling the lowest level since April 2020 when the US economy was struck by the COVID-19 pandemic-spurred lockdowns. "The U.S. LEI fell further in January, as weekly hours worked in manufacturing continued to decline and the yield spread remained negative," the Conference Board's Justyna Zabinska-La Monica said on Tuesday. As a result, the leading index currently does not signal recession ahead."

Persons: —, LEI, Monica, Andrew Hollenhorst, David Rosenberg Organizations: Service, Conference Board, Federal Reserve Locations: U.S

☆ New home construction in the US plummeted to a 5-month low in January
▼ + stars: | 2024-02-20 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

Housing starts collapsed 14.8% month-over-month in January to a five-month low, according to Census Bureau data released Friday. The decline in new construction flies against the trends of strong and rising demand throughout 2023 and into this year. It also marks a reversal from a period of rising supply seen recently, with new housing starts jumping 14.8% last November. David Rosenberg, economist and president of Rosenberg Research, said in a note that it's hard to determine how much seasonal factors like inclement weather played a part in sending construction starts tumbling last month. Rosenberg added that a strong pipeline of multifamily construction will continue to impact the market for the foreseeable future.

Persons: David Rosenberg, West . Rosenberg Organizations: Business, Rosenberg Research Locations: Midwest, West

☆ Putin's big week means more uncertainty for the markets during a critical time
▼ + stars: | 2024-02-13 | by ( Milly Struthers | ) www.businessinsider.com time to read: +8 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today’s big story, we’re looking at why the recent resurgence of Vladimir Putin and Russia comes at an inopportune time for the markets. The big storyPutin's big weekRebecca Zisser/Business InsiderVladimir Putin hasn't notched many personal wins since Russia's invasion of Ukraine, but last week was an exception. Putin’s successes further complicate a geopolitical situation that has silently loomed over a US economy trying to tiptoe past a recession.

Persons: —, florists, Vladimir Putin, Rebecca Zisser, Vladimir Putin hasn't, Tucker Carlson, he’s, Tom Porter, Carlson, Putin, Joe, Donald Trump, BI’s Brent D, Griffiths, Tom, GAVRIIL, Jamie Dimon, Ray Dalio, Jerome Powell, It’s, David Rosenberg, doesn’t, Alex Wong, Stocks, Savita Subramanian, Grammarly, Abanti Chowdhury, Zers, Temu, Sam Altman, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, NATO, Sputnik, Kremlin, JPMorgan, Bridgewater Associates, Reserve, Federal Reserve, Bank of America, Labor Statistics, Tech, Chiefs, 49ers, World, Ferrari, Business Locations: Russia, Ukraine, Russian, Moscow, China, Israel, Gaza, Washington ,, New York, London

☆ The US now has an 85% chance of recession in 2024, the highest probability since the Great Financial Crisis, economist David Rosenberg says
▼ + stars: | 2024-02-12 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

There's an 85% chance the US economy will enter a recession in 2024, according to economist David Rosenberg. Rosenberg highlighted a relatively new economic model that has proven to be more timely than the yield curve indicator. "Our conviction that the recession has been delayed but not derailed is still running at a high level," Rosenberg said. AdvertisementA recession is likely to hit the US economy in 2024, according to a new economic model highlighted by economist David Rosenberg. Advertisement"Our conviction that the recession has been delayed but not derailed is still running at a high level," Rosenberg said.

Persons: David Rosenberg, Rosenberg

☆ This legendary investor likes taking contrarian views — but only if they meet 3 criteria
▼ + stars: | 2024-02-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewFrom Michael Burry's "Big Short" against the housing market to Warren Buffett's warnings during the dot-com bubble, some of the biggest names in finance have taken contrarian stances that paid off. Legendary forecaster Gary Shilling is also defying market consensus by warning the S&P 500 could crash 30%, and predicting a recession will strike this year. He told Business Insider in an interview he actively seeks to disagree with Wall Street for several reasons. This story is available exclusively to Business Insider subscribers.

Persons: —, Michael Burry's, Warren Buffett's, Gary Shilling, Shilling, Merrill Lynch's, John Paulson, doesn't, Copernicus, David Rosenberg, it's Organizations: Service, Business Locations: Newton

☆ The big business of the Super Bowl, from competing advertisers to the ultrawealthy networking
▼ + stars: | 2024-02-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at the big business of the Super Bowl, from advertisers to the ultraweal thy . Developing and filming a Super Bowl ad typically runs 50% to 60% more than a regular one. AdvertisementFor some first-time Super Bowl advertisers, the commercial is a jumping-off point for a bigger campaign, writes BI’s Lauren Johnson. The Super Bowl is also a calendar staple for the ultrawealthy, writes BI’s Madeline Berg. A record 68 million Americans are projected to bet $23.1 billion on the Super Bowl, according to the American Gaming Association.

Persons: —, Taylor Swift, Travis Kelce, Patrick Smith, Emily Stewart, that’s, Ryan Joe, Lara O’Reilly, Ryan, BI’s Lauren Johnson, RYU, BI’s Madeline Berg, Elon Musk, Rupert Murdoch —, VistaJet, BI’s Taylor Rains, Grace Kay, it’s, BI’s Juliana Kaplan, Cork Gaines, Usher, David Rosenberg, Quants, Getty, David Butow Here’s, Tesla, Sissie Hsiao, Bard, Gemini, Uber, Dara Khosrowshahi, Lucas Jackson, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, ign, Super, Elon, Private, American Gaming Association, San Francisco 49ers, Kansas City Chiefs, Renaissance Technologies, Man, AHL, UBS, Google, Reuters, Merchants, Conference, PepsiCo Locations: Sun Valley, YOLO, New York, London

☆ 'YOLO spenders' have created a 'super-duper' credit bubble in the US economy, top economist David Rosenberg says
▼ + stars: | 2024-02-08 | by ( Aruni Soni | ) www.businessinsider.com time to read: +1 min

The US has a "super-duper" credit bubble on its hands as "YOLO spenders" take on massive debt, David Rosenberg said. US household savings are quite low at 3.7%, while consumer spending bulged by $208 billion last quarter, financed with debt. "As far as consumer credit is concerned, the default cycle isn't merely looming. AdvertisementToday's consumers — or rather, "YOLO spenders" — have taken on a massive amount of debt, top economist David Rosenberg said. "There is no acknowledgment today that, yet again, we have a super-duper credit bubble on our hands," he wrote in a note on Thursday.

Persons: David Rosenberg, It's, —, it's Organizations: US, Service, Business Locations: YOLO

☆ Opinion: Trump asks Supreme Court to pause his trial. It shouldn’t take the bait
▼ + stars: | 2024-02-07 | by ( Joshua A. Douglas | Opinion Joshua A. Douglas | ) edition.cnn.com time to read: +9 min

The Supreme Court should not take the bait. The Supreme Court heard oral arguments on that issue on Thursday.) The Supreme Court should decline the invitation and instead allow the trial to proceed. The only clear path to increase the likelihood of a trial before November would be for the Supreme Court to deny Trump’s stay request. There is nothing for the US Supreme Court to add to the issue.

Persons: Joshua A, Douglas, University of Kentucky J, David Rosenberg, Donald Trump, Trump, Jack Smith, Douglas Mark Cornelison, Mark Cornelison, Trump’s, ” “, ”, ’, “, Douglas Michael Conway, Richard Nixon, Conway, Dahlia Lithwick, Mark Joseph Stern Organizations: University of Kentucky, David Rosenberg College of Law, Voters, Democracy, CNN, DC Circuit, Appeals, DC, Trump, Electoral, Supreme, rehearing, Slate, US, Republican, Twitter Locations: www.joshuaadouglas.com, Colorado

☆ Baby Boomers are approaching 'peak burden' on the economy
▼ + stars: | 2024-02-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

A wave of retiring Boomers means the generation will soon be at "peak burden" to the economy. It's the Baby Boomers, who are aging fast and approaching their "peak burden" years in regard to their drag on the economy and the resources of younger generations. Advertisement"The peak burden is [when] all the baby boomers have hit retirement," Millar told Business Insider. And it isn't the case that Baby Boomers will derail economic growth nearly as much as, say, a full-blown recession, according to Dean Baker, an economist who described the Baby Boomers as a "time bomb" in a 1998 paper. In 2022, empty-nester baby boomers owned 28% of large homes in the US, a Redfin analysis found, double the share of millennial families.

Persons: —, Zers, Jonathan Millar, Millar, Dean Baker, That's, Boomers, David Rosenberg, Baker, Gen Organizations: Boomers, Service, Barclays, National Association of Realtors, Chamber of Commerce, Rosenberg Research, Social, Insurance Trust Fund, Social Security Administration Locations: Millennials

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