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George Noble: A 20-50% Market Crash Is Coming
Forward Guidance
The Fed Liquidity Will Come Back In, Right?
The way you get inflation down is to have a recession. We are seeing some like Harbinger's of not deflation, but disinflation in the system. This would be extraordinary to have corporate profitability remain unscathed through a recession. It almost doesn't make any sense because the reason companies lay off people is because their profitability turns down.
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