Rosenberg: U.S. Now On “Terra Firma”

Gluskin Sheff Chief Economist & Strategist David Rosenberg says that a “firmer floor” has developed under the U.S. economy, and he doesn’t see recession coming anytime soon. “I don’t see the prospect of a recession,” Rosenberg tells Yahoo!Finance’s Daily Ticker, saying that the major risks of a fiscal shock or monetary shock have passed for the U.S. “My new theme is escape velocity, no, but terra firma, yes. There’s a firmer floor under the U.S. economy now than there used to be [and the] downside risks… have diminished considerably.” Rosenberg says he expects moderate inflation and very modest growth in the next few years, but says the biggest risks to the U.S. will come not from home but from abroad.

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