MacroVoices #388 Lakshman Achuthan: Recession Still On Deck
Macro Voices
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The Inflation Cycle Bottoms Around a Secular Downturn
The tell will be, where does the inflation cycle bottom around this downturn? Let's set aside whether it's a recession or not. I think everybody knows that. But what can monitor much more actively is cyclical risk for the time being. And if you're in this low productivity environment and you've got relatively weak workforce growth, both of those things have been present for quite a while now.
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