Surveillance: Jobs Bolster Fed’s Hawkish Playbook
Bloomberg Surveillance
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The L-Shaped Recession?
We think the recession is going to be relatively mild, though. The imbalances that you have tended to see before prior recessions that accelerate the downturn, we just don't see as many of those imbalances. Big banks are relatively strong, households had a lot of cash coming into this,. businesses as well, really able to push out the maturity of their debt.
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