The Song Remains the Same with Alfonso Peccatiello of The Macro Compass
RiskReversal Pod
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The Fed's Credibility in a Recessionary Environment
In March of 2008, the Fed was not yet sure about a recession while we were in the midst of the mother of all financial crises. The labor market is already been weakening under the surface for 3 to 6 months and that's what you want to look out for when it comes to recessionary signals. Look at industries that are hiring on net basis and not hiring anymore. This is when I get particularly interested in wanting to buy protection.
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