MacroVoices #372 David Rosenberg: The Bear Market Bottom Is Not In
Macro Voices
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The Recession Model of the Market
When the recession becomes a reality in investors minds, I think that when Wylie Coyote looks down, the market's going to go down to new lows. So we've got a fairly bearish outlook based on what I'll call the recession model of the market; where do we stand right now? In the economic growth and recession cycle,. But there's also a credit cycle next. Should we be concerned still that this Silicon Valley bank and then credit Swiss, you know, are we in the beginning of a new 2008 like credit crisis?"
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