GDP ‘Nowhere Near’ 4.3%: Rosenberg Dismisses Q3 Report As ‘Fugazi,’ Pegs Real Growth At 0.8%

    https://finance.yahoo.com/news/gdp-nowhere-near-4-3-123044863.html

    Posted by BraveMango737

    8 Comments

    1. We are now officially a third world dictatorship with all the guardrails against a Tyrant dismantled.

    2. RealisticEmphasis233 on

      WHAT!? I would have never believed the administration that fired someone for doing the economic report earlier this year would LIE about this!

    3. His accuracy is mixed:

      * **Hits**: Early warnings on 2008 recession and COVID market crash.
      * **Misses**: Repeated recession calls since 2022 have not materialized (U.S. avoided downturn via stimulus/resilient consumer). He has acknowledged being “dead wrong” on near-term stock rallies (e.g., S&P 500 surges in 2023–2025).

      # Criticisms of Rosenberg

      The most common critique is that he is a “**perma-bear**” — chronically pessimistic, leading to overstated or prematurely timed recession forecasts.

      * Phrases like “predicted 10 of the last 2 recessions” are frequently used mockingly in forums (e.g., Reddit) and media.
      * Critics argue his bearishness caused investors to miss major bull runs (e.g., post-2022 stock gains).
      * He faces significant backlash during optimistic periods, including client cancellations, hate mail, and professional isolation (e.g., similar to pre-2008 when salespeople avoided him).
      * Some view his persistence as lacking flexibility, though he defends it as data-driven contrarianism (and notes his defensive strategies have outperformed in downturns, e.g., his “sleep at night” portfolio beat the S&P 500 in volatile 2025 periods).

    4. BasicWhiteHoodrat on

      This administration delays the data release then LIES ABOUT THE NUMBERS?!?

      I, for one, am gobsmacked

    5. You can’t say the number is wrong then offer a different calculation. Saying high GDP is masking underlying weakness given xyz would be far less disingenuous.

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