2min chapter

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Is a Recession Bullish? (EP.275)

Animal Spirits Podcast

CHAPTER

Is There a Recession Coming?

i think a recession is coming in two thousand 23. However, i think that the market is discounting a lot of it. I om to say that i'm getting more costructive, because especially o constructive. Wait a bin. Why didnt you do rolling returns? You did calendar yours. Ushav counte years amateur see, i go on. And but the general direction, i think, directionally, this is right. Because the 19 fifties, rates double. The 19 sixties, rates doubled. In stocks did fine. But can we add the nine % inflation rate though, and say that the drawdowns in stocks on a real basis have been weigh worse

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