‘Something very strange’ explains why a US recession has been delayed

Yahoo!Finance/Matthew Fox/7-20-2023

“It turns out that during the period of near-zero interest rates, especially leading up to the pandemic and during the pandemic, corporations took advantage and refinanced a ton of their liabilities into long-term, low-rate, fixed debt.”

USAGOLD note: How Wall Street analysts, with an ocean of data sources available to them, missed this important trend is equally strange.