Cameron Crise On Fed’s Balance Sheet Problem, Equity Drawdowns and Inflation
Macro Hive Conversations With Bilal Hafeez
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Do You Think We're in Recession?
Mo, i think it's relatively clear that we're fairly late cycle. I don't think we're yet in recession because the labor market is still reasonably strong. But when sudnng persentn the economy sustained a negative income shock, negative real income shock, that's obviously going to be dileterious to the prospect further growth. And then obviously we've got the impact, the real time impact, and the future impact, the lagged impact, of fed tightening. So i think that it's highly likely that we resolve in inflate, excuse me, in a recession, probably next year.
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