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Jim Bianco on Fed Chair Powell's Reluctance To Discipline The Bulls (February 2023 FOMC)
Forward Guidance
Do You See This as a Severe Recession?
The expectation is that in this first and second quarter of 23, even if we don't get negative GDP, that's going to be a recession. I'm really kind of scratching my head as to how the consensus is trying to figure this stuff out. You know, narrative drives, everything. Don't let the numbers get in the way of a good narrative. Maybe they got the idea right. They're just a year late that the recession already occurred. And when they were saying that it wasn't one. So we'll see.
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