Don’t look now, but Goldman Sachs is saying the economy is nearly recession-proof
The U.S. economy is “structurally less recession-prone today,” Goldman Sachs economists said.
That calls comes just months after Wall Street feared that an inverted yield curve was signaling an imminent recession.
Goldman cites five factors that pose a reduced threat to the “Great Moderation” that began more than 30 years ago and was interrupted only by the financial crisis.
https://www.cnbc.com/2019/12/31/gold...ion-proof.html
Tom
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