Canada's 'economy won't go back to normal' until we have a vaccine for COVID-19: Rosenberg

David Rosenberg, chief economist and strategist at Rosenberg Research and Associates joins BNN Bloomberg to discuss the economic impact of the COVID-19 pandemic. He notes the road to recovery for Canada will be slow and will require medical solutions.

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[Stevejoesofficial]

These clowns forcing regular people to stay at home and not suspending rent or mortg . Meanwhile we can’t work and the middle class slides into the lower tier . Already record household debt in this country

[michaelattoe]

These numbers are actually far higher than are being released by the government since they're not counting the number of people that are either being kept on or in a lot of cases hired back with the government paying 75% of their wage, and it also doesn't include the people that had to applied for unemployment insurance and they're now getting the $2, 000 a month government stipend instead.

[michaelattoe]

How do bankrupt businesses just up and start going again because they declare a vaccine is available, which wasn't needed in the first place? Think in terms of the businesses you see in the malls. At the best of times, the smallest of these hardly have any customers to the point that one wonders how they're meeting the monthly rent, which to my knowledge hasn't been suspended and certainly won't be forgiven but rather tacked on for future payment by the landlord. What makes anybody think that when it's declared that everyone can go out they will run out and spend money on nonessentials when they've been deprived of earning a living for the past two or three months and I've had to continue paying bills by dipping into their savings or deferring them to when they can return to work? From what I've seen there has to be questions asked as to whether this is an engineered collapse of the capitalist system and make the public less wary of authoritarian measures being placed in the future, as Alberta has just proposed to introduce as if following a script.

[jackv]

Yes not until vaccines because there's too many of us on the planet. See the fact is the nature of monopolistic economies is that when they go into downturns which they do because Boombastic and look Cycles can only occur when you have a monopoly over the economy and money supply it is then becomes imperative to bring those human populations in line with the low end of the carrying capacity of the artificially based Global economies. Various soft and hard techniques are then needed to be employed to manage populations. The Monopoly over the world economy and its money supply are the two ingredients we use as Economist to formulate the misery index. Thus giving us the clear indication as to the source of all human generated misery on the planet and more specifically the source of all socioeconomic and psychosocial problems, the Monopoly over the economy and money supply which has been going on since the Sumerians dating back 4000 years. All governments are privately owned registered as companies or corporations. Please give me a thumbs-up or thumbs-down or reply so that I know I was not censored thank you

[jomo]

Forget about the old world we lived in, every world crisis causes a large societal change in how the world is viewed

[hansolo]

Looking at Suncor, the market is pricing the energy sector for bankruptcy.

[MohammadRauf]

agreed- that's how reports should be ...

[walther]

Every show this bozo is on he touts negativity. That’s the easy way to get in tv is to take that stand and these shows want the shock value.

[jomo]

Look closer to home for your perfection and unrealistic entitlements...

[woodstockenvy]

Excellent report .. one of the best I've heard .. thanks for sharing this .. Cheers