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From a case study standpoint, we're fairly certain that economists are going to look back on this time frame 5 years from now and call 2022-2023 a long and shallow recession. Even if you turn on any financial news outlet now, you'll hear 'experts' saying that a 'recession' is really just hitting different parts of the economy at different times. Currently, manufacturing seems to be the one going through the ringer...and commercial real estate is seemingly next on the chopping block. At least the Fed decided to pause this month as far as rate hikes are concerned...lol.
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