Timing The Recession With Mike Shedlock
Lead-Lag Live
00:00
Is There a Credit Event Coming at Someone This Year?
Last year on a real return basis was like the seventh worst year for the S&P and it's going back to the 1920s and 30s. Mortgage rates are still likely to be above six percent right housing is you know hasn't significantly fallen in price and maybe doesn't or takes a really long time so we're not gonna have a strong housing rebound and interest rates are higher. All the corporations rolling over their interest debt are going to have to pay more than they have been the last couple of years. The whole global economy is sort of in the same boat but I think Powell did get one thing right with his talk about a softish landing well soft in what sense he
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