Surveillance: Global Market Selloff (Podcast)
Bloomberg Surveillance
00:00
Is the Black Marker Calling for a Recession?
Julian Zelizer: What we saw last week says, well, there may be a peak somewhere in here. Mathematically, if you get to nothing but base effects, you probably get a peak,. But it is likely to be a higher plateau for longer. That's where fed has much less wiggle room than we would potentially like given the stress that we're seeing on asse. We still think the base case is no recession.
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