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Brian Moynihan on the Record, The Cardboard Box Recession, and Billionaires’ Row 6/12/23

The Exchange

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The Cardboard Box Recession

During the typical global recession, you get all areas of the economy turning down. But now only manufacturing and trade seem to be in a global recession. It's what I'm calling a cardboard box recession. People are going to feel like we've been in recession for five years at that point.

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