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David Rosenberg: A 2023 Recession Is Unavoidable

Supply Shock

00:00

What's Going on in the Credit Card Space?

The Fed was done tightening in the spring slash summer of 2006 after Bernanke took over from Greenspan. There is no get at a jail free card with a tightening cycle by the world's most important central bank of this magnitude. People talk about these excess savings, but you see the problems that these excess savings will have back in 2020 and 2021.

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