Recessions

Of course we are going into a recession. Just as we mentioned late last year that rate hikes were on the verge of occurring, we’ve been quite certain a recession was on the doorstep and have been pounding that drum here based on both YoY full CPI >5 % and YoY WTI Crude going > 80% (which it did in Q2 last year) and job quits > 3%.

All the warnings of re…