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DAVID ROSENBERG: This is the ‘scariest number’ in finance right now





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  • The 13.4 million people who have been hired into the financial-services industry since 2009 represents the scariest number in finance, in the view of David Rosenberg, Gluskin Sheff’s chief economist.
  • That’s because their careers have existed only in an expansionary phase of an economic cycle.
  • “Your world has been rocked this year, and don’t expect that to change any time soon,” Rosenberg said.

13.4 million. That’s the number of hires into the financial-services industry since 2009, filled with people who may never have worked during a major economic or market crash.

For David Rosenberg, Gluskin Sheff’s chief economist, this is the “scariest number of read more >>>

Source:: BusinessInsider.Com

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