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David Rosenberg: A 2023 Recession Is Unavoidable
On The Margin
Is the Fed Never Got What It Wanted?
"The Fed always gets what it wants. So they're telling that we want to crush inflation, and we're going to do it through the demand side," he says. "Consumer spending doesn't go down a lot in recessions." The soft landing advocates right now will say, well, you know, show me the money when it comes to the labor market. But I'll just say this: Once we start seeing negative payroll numbers because that's what the Fed is focused on,. They just don't pay as they say in the Quebec side of the Ontario border".
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