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Signs Of Recession Ahead?

Previously when you look at the 3 and 6 month change in Commercial & Industrial lending as well as the change in bank assets, these have ground to a standstill. Normally such declines have corresponded with recessions.....although Variant isn't calling recession here, the poorer liquidity backdrop for broad and narrow money will represent a headwind to economic growth, risk assets and specifically bank stocks, which we recommend as shorts.

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