Powell Raises Rates To A 22-Year High, Is This The End? | Jim Bianco
Inflection Point
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The Fed's Estimate of 12% Earnings Growth Next Year Is Not Correct
If Wall Street's estimate of 12% earnings growth next year is correct, that means the businesses are just fine. You'd be very hard pressed to make a scenario where the profits of companies is 12% higher than a year earlier and we are also in recession. I think if there's one that's going to be wrong, it's going to being the Fed forecast.
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