TYBS - The Recession Called 'Repocalypse'

There is, at least, one highly recognized economist who agrees with me that a recession started forming in the summer of 2019 and is still emerging in spite of the Fed's strongest efforts to stop it - David Rosenberg.

We recall all too well the euphoria that followed the early 2001 and late 2007 Fed rate cuts and curve-steepening shifts, that then switched to malaise as the recession nobody saw coming took hold in the next few months. The lags between monetary policy and the real economy are both long and variable….

Remember, it cannot

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