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Economist Warns: U.S. Faces Potential Deflationary Shock

8/15/2025

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Summary

Story summary

Economist David Rosenberg warns of a potential deflationary shock in the U.S. from tariffs, immigration policies, and an aging population.
Tariffs may raise prices initially but could reduce demand and corporate profits, causing economic contraction.
An aging population and labor market constraints may further depress consumption and pricing power.
Wealth advisors should adjust asset allocation and risk management strategies for a deflationary environment.

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Story summary

Economist David Rosenberg warns of a potential deflationary shock in the U.S. from tariffs, immigration policies, and an aging population.
Tariffs may raise prices initially but could reduce demand and corporate profits, causing economic contraction.
An aging population and labor market constraints may further depress consumption and pricing power.
Wealth advisors should adjust asset allocation and risk management strategies for a deflationary environment.