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The MacroTourist on recession indicators....

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David Hay
Nov 15, 2023
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Greetings, Founding Members!

Financial markets are clearly positioning for the Fed to take a victory lap on achieving a soft-landing. In my view, that’s a very premature conclusion. Some of the reasons I feel that way: soaring credit card delinquencies, an utter disaster in commercial real estate (especially office buildings), unaffordable cars and homes…

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