Issues discussed:
The ongoing credit recession stands in stark contrast to the no-landing, or no-recession, narrative for the U.S. economy.
Bank lending to corporations has not recovered signaling a recession among the small and medium-sized enterprises.
Investors gorging on junk bonds, with the assumption no U.S. recession, are risking catastrophic losses ahead.
Tensions in the Middle-East are extremely high.
The strong economy that wasn’t
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