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David Rosenberg: A 2023 Recession Is Unavoidable
On The Margin
The Fed's Rule Number One - Mean Reversion
I think we're going to, I think this time next year, inflation is going to be well below the Fed's target. And so the Fed is there, you know, to preserve the purchasing power of the currency otherwise known as inflation. And policy mistakes were made, not the first time. What happens is that the policy mistakes, then get corrected, which is what he's doing right now.
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