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CNBC/Al Lewis/3-14-2020
“While new risks could emerge, none of the main sources of recent recessions — oil shocks, inflationary overheating, and financial Imbalances — seem too concerning for now. As a result, the prospects for a soft landing look better than widely thought.” – Jan Hatzius and David Mericle, Goldman Sachs (12-31-2019)
USAGOLD note: As the poet reminds us – “The best laid plans of mice and men often go awry.” That is why the wise mouse stores for the economy’s winter months. The report quoted above was published less than three months ago.