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The Incoming Recession Is A 2023 Story | David Rosenberg

Inflection Point

00:00

The Fed Focuses on Lacking in Continuum Indicators

The only Fed that raised rates into a financial crisis, guess who it was? Guess who? Paul Volcker in 1984. He raised rates into continental Illinois's demise and then cut rates 150 basis points thereafter. This Fed continued to raise rates into an over the yield curve. It has this belief, at least state the belief the economy is strong. I'm not so sure.

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