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Companies are *cutting* full-time jobs like they do EVERY time before recession. Fed pivot coming.

Eurodollar University

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What Happens Just Prior to Recession?

In every recession, full-time jobs are expanding, and then they stop expanding. They go sideways for a while as businesses try to figure out what the real economic climate is. The transition phase gets priced into the yield curve, which inverts with more confirmation that the economy is moving into recession. And we've got policymakers in denial, markets pricing, both of those things.

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