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Bloomberg/Sagarika Jaisinghani/12-2-2022
“Bears (like us) worry unemployment in 2023 will be as shocking to Main Street consumer sentiment as inflation in 2022.” – Michael Hartnett, Bank of America
USAGOLD note: Bank of America made this analysis public before Friday’s surprise payrolls report showing strong gains in the employment sector. We would be surprised if the report altered BofA’s thinking.
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