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No US recession in 2023; the news in the UK was very fond of posting this chart around yesterday and going from +4% from pre-COVID to negative in the space of a year means COVID level disruption (with early 2022 being the tail end of COVID restrictions for YoY comparisons) - Inflationary pressure from last year will also start to subside as the year-on-year figures start taking the ramp up in prices as baseline and no matter what the Fed does on interest rates the wealthy and business are not going to stop investment just because they can now get 4% sitting in cash (7% in I-Bonds however...)
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# ¿ Jan 31, 2023 16:53 |
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# ¿ May 17, 2024 16:20 |