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URGENT Market Update: Tariff Panic And Recession Fears — Raoul Pal & Julien Bittel

Raoul Pal: The Journey Man

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Navigating Financial Conditions and Growth Prospects

This chapter provides a comprehensive analysis of tightening financial conditions in Q4, particularly focusing on the effects of a strong dollar and high bond yields on the U.S. economy. It explores the recent underperformance of U.S. economic data, drawing connections to inflationary tariffs and market reactions to shifting conditions. Additionally, the chapter predicts potential positive surprises in economic indicators and discusses the implications for future Federal Reserve policy and growth momentum.

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