Quote:
Originally Posted by petegz28
A recession is actually needed. It will help cool off inflation and the excessive demand on the supply chain and give the Fed a bit of a reprieve from having to raise rates as high as they are talking now.
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Right. But the problem is the pundits are saying the reason we shouldn’t freak out about inflation is the labor market is strong. If a recession happens…nope.
If unemployment sets in we are looking at the 70s.