Today, we start the usual way and discuss the stock market, including what we got right and what we got wrong about last week. We make some longer term guesses based off of some recent signals. We recap all of the news in the economics world and discuss how the four major asset markets (stocks, bonds, commodities and currencies) are now all saying that a recession is highly likely. We then talk about my GDP theory and the implications of a "U" shaped recovery.
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