The U.S. Consumer Won't Quit
Real Vision: Finance & Investing
00:00
The Fed Delivered a Warning to the Market
A recession at earliest is Q4 of this year, and second highest probability is Q1 of next year. That's a lot of time and space for bears to continue getting squeezed between now and that. Manufacturing on net tends to account for 98% of the net job loss in the recessions. So we got to do more damage to it to actually have a recession spill over into the services sector.
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