Surveillance: Rate Cuts with Peterson
Bloomberg Surveillance
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The Potential for a Deeper Recession
We have been calling for a recession starting in the second quarter and extending through the fourth quarter. It really hasn't. If anything, this might accelerate things. Certainly consumers have already dialed back spending on goods. Businesses are not spending on investments. The housing market has really folded in on itself. And really the last you to fall is services.
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