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No disagreement here - when pundits start tossing around the phrase 'technical recession' you know there's every chance they actually believe the US is in a recession but have been told by their editor to dress it up nicer. My completely gut feel opinion on this is that by taking hard rate cuts early the sky will either fall or the recession will be shallow and short lived, perhaps with a whole lot more delayed pain a few years down the track.
No disagreement here - when pundits start tossing around the phrase 'technical recession' you know there's every chance they actually believe the US is in a recession but have been told by their editor to dress it up nicer.
My completely gut feel opinion on this is that by taking hard rate cuts early the sky will either fall or the recession will be shallow and short lived, perhaps with a whole lot more delayed pain a few years down the track.
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