No recession bar yet?
The labor market is holding up, it appears anyway. Job growth was lousy, but not a crash. I see only two mass layoffs on the horizon,. Even if the auto industry goes through a layoff, it should already be discounted.
It is a bit scary because behind the scenes, the baby boomer retirement may be more sudden than we expect. In other words, I fear the unemployment rate may be a misleading indicator this time around
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