Even if the Fed cuts rates to zero, market bear David Rosenberg predicts a recession is less than 12 months away

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Despite the Federal Reserve’s latest efforts to boost the economy, long-time market bear David Rosenberg warns a recession is coming. The Gluskin Sheff chief economist and strategist predicts economic growth in the U.S. will turn negative sooner than most investors anticipate — setting the stage for a painful market pullback. “There’s a recession coming in the next 12 months,” he said last Thursday on CNBC’s “Futures Now. The Fed lowered its benchmark interest rate last Wednesday by a quarter point. Fed Chairman ...