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The Risk of Recession Is Higher Than It Was Even a Month Ago
The market is a leading indicator of what's going to happen post the rat hikes. I think that the risk of recession now is higher than it was even a month ago. It's gonbe very hard for the fede to engineer a soft landing here, where we don't trigger or acession in the process of stopping inflation. The knotefed has nine trillion dollars of assets on their balance sheet. If they start to take nine trillion dollars out of the system by selling these assets into the market, right? Cause you're geting money back. That's going to have an enormous, huge impact as well.