Bloomberg radio interviews a lot of smart people from different backgrounds. I especially like to listen after hours when Asia is opening and we get people from Australia or HK.
Today especially I heard from very smart people including Larry Summers, who all believe the economy is headed in south. We are no where near there now however. What is happening (raising rates to bring down inflation) has a long slow effect. First housing, then companies slow hiring, then many companies who are dependent on loans could be at risk. (Good discussion on this called Zombie companies).
Most feel major down turn in next 2 years.
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