Are We Going to Have a Deep Recession?

Two consecutive quarters of negative am, g p is a technical recession. That will not constitute an actual ree on by the sort of market and by thefederal reserve. But when you go back and you think about it from a technical recession standpoint, we are certainly developing that one. And so if we stay around these levels, or if it getsnto any worse, for the month of june, we will have negative consumption growth on a three-month annualized basis. We can understand that any recession we are likely to experience over the next 12 months or so, a should be shallow sod in my opinion,. i think it's more likely to resemble thea two thousand one

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