Erik Townsend and Patrick Ceresna welcome ECRI’s Lakshman Achuthan to MacroVoices: “The revival in growth that everyone’s kind of banking on, is not here. The slowdown continues.”
Here is a direct audio link.
Further to the discussion. Unemployment lags the Fed hiking cycle and typically accelerates in the months after the Fed pauses (i.e., anytime now). Central banks go back to easing as unemployment claims move higher (in orange below since 1965), and that’s when equity bear markets intensify (S&P 500 in blue). Chart courtesy of John Hussman.
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