Monday, March 18, 2019

Recession is still some 6 months or 9 months in the future

"Well the economy is still quite strong. And you had the supply of reserves.... The Adjusted monetary base still in excess of $4.3 Trillion. So clearly there is a lot of money in the system. And the economy has been doing quite well and will probably continue to do well. But economies and the Stock prices can diverge as we saw at the bottom of 2009 as the economy was still going in the dinger and stock prices were coming up very sharply from the lows."

via Bloomberg Daybreak Radio