Talk about a flip in perspective. David Rosenberg, who had been bearish for years, has turned into one of the biggest bulls on Wall Street. The Gluskin Sheff analyst now says his recession forecasting model could be pointing to another four years of economic expansion (via a recent note of his):
That’s pretty interesting. We know that the probability of a tail risk event increases dramatically inside of a recession. So if DR is right then that means the macro trend could be higher for several more years to come….