Alarm Bells, Too Much Credit, Health of Housing 7/19/23
The Exchange
00:00
The Longest Leap Before a Recession Hits the Equity Market
The index of leading economic indicators, this peak 18 months ago, the consensus is another fall for this past month. If we make it through the first half of next year, then I think you're legitimately getting into territory where we can say, okay, you know, the longest leaking indicator. Something has gone wrong here,. but I think to be highly confident of a soft landing simply because the equity market is rally payroll growth has been positive so far with this historic node curve inversion.
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