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Francois Trahan, Founder, Trahan Macro Research

Alpha Exchange

CHAPTER

The ISM Is at 48 at the End of 2022.

The debt-to-GDP ratio in the US is approaching levels last seen at the height of World War II. The Bush administration had a lot of leeway when we were experiencing the tech bubble downturn. This time, you have to think about what might happen in the UK and Japan and Europe in the developed world.

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