MacroVoices #372 David Rosenberg: The Bear Market Bottom Is Not In
Macro Voices
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The Power of Compound Interest
"I'm seeing the tea leaves as being that a recession is actually already starting this quarter," he says. "The workweek is a classic leading indicator of employment because companies tend to cut hours before they cut their staff" The consensus back in 2008 was that we were in a soft landing, but now it's looking more and more like an economic downturn.
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