The most predicted recession ever maybe won’t happen. Get ready for the ‘asset class recession’
“[S]ome investors are warning about a different kind of recession that has to do with how much of Main Street really has piled into equities: an asset class recession.”
USAGOLD note: There is a certain amount of logic in this argument in that much of the inflation over the past several years has ended up in the stock and bond markets. The article goes on to explain that an asset class recession involves a recession for Wall Street while Main Street remains recession-free.
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