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What “Higher for Longer” Means for the Markets and Economy 12/14/22

CNBC's "Fast Money"

00:00

Is There a White Collar Recession?

I think we're going to see a real white collar recession, right? The number of job openings for blue collar is still huge. And yet on the other side, we see white collar jobs cut every day and we just getting started. So that doesn't come out in wage, you know, hourly wages, but it is deflationary. There's a psychological effect too, if you see people at your company, right, getting laid off and you're seeing belt tightening at your company. That gets you to belt tighten yourself in your own household. How much longer can I don't think you can?

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