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Another Melt-Up, Another Crash With James Picerno

Lead-Lag Live

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Can You Have a Recession if the Labor Market Doesn't Crack?

In 2011, 2012, I guess mostly 2011, it really soared probably for the reasons you just articulated. Yeah, just interesting to see the movement look similar across the three dollar treasuries and gold with the same potential catalyst in advance of it. And by the way, I believe we're going to spread, don't blow out to it. But there's an aspect which is unusual in that. There's contraction, but default risk premiums are not rising at all.

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