Wealthion: Recession is Already here and the Fed is Blind to it

Renowned economist David Rosenberg is sounding the alarm. In a recent Wealthion interview with Trey Reik, Rosenberg argues that the U.S. isn’t facing an impending recession; it’s already in one. He contends that trillions in post-C***D stimulus packages masked the underlying economic weakness, and now that fiscal support has evaporated, the true picture is emerging. Rosenberg, known for his often-contrarian views, criticizes Wall Street for misinterpreting the current economic signals, pointing to a confluence of factors that paint a clear picture of contraction. He specifically targets the Federal Reserve and its missteps, arguing that Chairman Jay Powell’s focus on his…