US Recession Call Trickier Than Ever
Bloomberg Businessweek
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Are We in a Recession?
The port of Long Beach runs by Mario Cordaro was reluctant to say whether or not he sees a recession coming. The consumer outlook is still pretty strong and we haven't seen a lot of kind of impact negative impact in the labor market yet, says John Defterios. We could enter a situation where consumer spending managers to hold up right so we saw the retail sales figures for the past few months pretty dismal but we're coming off of that high Right? And then we could have consumers saying okay I'm going to keep spending maybe not like I did two years ago or a year ago but you know I'll keep this economy going everyone's going to keep doing their part."
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