AI might be the one reason we're not in a recession, top economist David Rosenberg says

Economist David Rosenberg called the dot-com and housing bubbles. Rosenberg Research AI is crowding out other sectors, shoring up the economy, and showing cracks, David Rosenberg says. The Rosenberg Research president said the US would likely be in a recession without the AI uplift. Rosenberg said credit markets are signaling trouble through financing costs and widening spreads. The AI boom is soaking up investor cash, staving off a recession, and showing signs of faltering, David Rosenberg...