Description: Economist David Rosenberg suggests hyperinflation warnings are irrational.
The longtime bear, known for his contrarian views, blames rising prices on Covid-19-induced supply side shocks. According to Rosenberg, it’s wrong to assume the impact will cripple the economy and feed into runaway inflation.
Source: CNBC.com – video report
Date: Oct 26, 2021
Questions for discussion:
- Explain David Rosenberg’s position. Do you agree?
- What does this mean for stocks and investing?