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No Recession Yet?

The Q1 number is out and it appears we are not yet in an official recession.

This may be just as bad. 0.6% for two quarters now, and consumer sentiment at a low. I believe those shouting “depression” are a bit over the edge, but I do believe the Q1 number, which is subject to a revision or two, will show that we are now officially in the midst of the “mild bagel“.

Joe

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