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5min chapter
“In 6 to 12 Months, We’re Going To Have A Big Problem” | Eric Basmajian & Joseph Wang
Forward Guidance
Powell's Chances of a Soft Landing Employment
The Fed has been very explicit in how it views the world There is no trade-off. We're now at 370% debt to GDP and we've had a 300 basis point increase way more than any other time in history except for 1980 1982. The fundamentals of the economy or the secular trends in the economy are are so weak that increases in interest rates just tend to slowly economy in such a dramatic way That again pushes the odds towards a hard landing.
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