Surveillance: US Inflation Cools Sharply
Bloomberg Surveillance
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The Risk of a Recession in the Equity Market
There's a huge and growing divergence between the GDP-based NIPA profits that cover all U.S. corporations and S&P operating earnings, he says. And then I mentioned the nominal growth momentum fading on the back of tighter monetary policy,. If top line growth is weakening or especially contracting relative to slower moving cost variables on the wage side, you know, that is a setup for a margin squeeze. So I think we're going to have difficulty going forward.
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