Markets are hitting all time highs even as the recession begins. Burry is betting hard on a crash. First come the layoffs, then the defaults. The Fed won’t cut interest rates too much this time.
Playing out, sadly: RECESSION INTO ALL TIME HIGHS #Employment ADP commentary from Chief Economist Richardson: “Hiring has been choppy of late as employers weather cautious consumers and an uncertain macroeconomic environment. And while November’s slowdown was broad-based, it was led …