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Do You Think We're in a Recession?
The odds of us having a soft landing this year are quite a bit better than they were just a few weeks ago. Larry Summers has been harping on since last spring, all the way through the summer and the fall that the US needs to have a 5% to 6% jobless rate for five years. So I just think that we're in a highly volatile economy. And it's very hard to predict the future.