When the Federal Reserve raises interest rates to reduce inflation, the result is always “some sort of accident,” according to David Rosenberg, formerly a chief economist for North America at Merrill Lynch. In an interview with Jonathan Burton, Rosenberg says that at this point in the economic cycle, the stock market is “hugely overvalued.” He suggests three ways investors can play it safe before a coming recession and stock-market decline.
More:
What is a credit-default swap?
During…
Read the full article here
