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The Incoming Recession Is A 2023 Story | David Rosenberg

Inflection Point

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The Fed's Misreading of the Situation

David Frum: I think the Fed, the misreading of the situation, and I'm not going to claim that I had the situation under wraps myself. He was relying a lot on the Fed research. And he says they didn't adjust for today's me, me, me economy that everything's going to get spent. So you have a central banker, Jerome Powell, compared to the Paul Volcker. The man who created two recessions back to back in 1981 and then 8182 to crush inflation.

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