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Morning Joe 7/29/22

Morning Joe

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Can We Land This Plane Safely Without a Recession?

Mortgage rates have gone roughly from two and three quarters % to five and a half % for a 30 year mortgage. Higher interest rates mean people borrow less, mich means they spend less. It's the price we pay for having been a little bit too exuberant with our stimulus,. over the course of the pandemic and during the recovery. The question is, can we land this plane safely without a recession? That would be that is not supported by history.

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