The Soft Landing Narrative Is a Trap (!)
Real Vision: Finance & Investing
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The Labor Market Is the Missing Link in This Recession Talk
The labor market is sort of the missing link in this recession talk. The unemployment rate at the low means that there's only one way to go is up if we ever do go into a recession. I think it's really, as some have called it, the white collar recession that eventually becomes a blue collar recession or lower income job recession because when people start cutting back spending, they're going to cut back services as well.
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