Where’s the recession?
Unhedged
00:00
The Negative Tone in the Markets
The market keeps saying effectively, we think this number is going to be bad and then it comes out good. There's a real disconnect between certainly the jobs numbers and just the tone among every fund manager that you speak to. The soggiest bit unambiguously to me is manufacturing. It's not quite yet in deep recession territory that takes several more months.
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