fbpx
Market Musings

Recessionary Pressures Continue to Build

By November 27, 2019 No Comments

A comprehensive discussion about the economy with David Rosenberg, chief economist at Gluskin Sheff. This is definitely worth watching.

Keep in mind that the S&P 500 is now trading at 2.25 times sales. The most overvalued reading ever. The tech bubble peak (prior to its crash) was 1.77 times sales (average market value vs total sales of a company).  The 1929 peak was closer to 2.0 times sales.

GDP stopped growing two quarters ago and very likely to go negative in Q4 or Q1 2020.

Leave a Reply