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Aug 02 2022

Has a New EASING Cycle Already Begun?!?

  • Aug 2, 2022

The goal of decelerating real economic growth (demand destruction) has been achieved. The economy is not likely in a recession because job creation rose at an annual pace of nearly 3.7% in the first half of this year, real personal consumption increased by 1% in the second quarter, the ISM Manufacturing Survey is at 52.8, and profits, dividends, and capital-goods orders continue rising.

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James Paulsen / Chief Investment Strategist

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