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Are We Sure a Recession is Coming? (EP.263)
Animal Spirits Podcast
Stocks Look Incredibly Attractive if We Don't Go Into a Recession
Households held 17 point nine trilling in cash an cash equivalents, up a bit from the fourth quarter. This remains true even after adjusting for the run up and inflation. People of all income and wealth levels now hold more cash. And if people are ready and can still spend i you're right. Eventually all that excess cash gets sucked out. But it's so much higher than it was before.
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