Richard Berner Quotes
If we are right that both the pace of economic activity and corporate earnings are still fraught with near-term, downside risk, equity values and risk spreads will carry a recession uncertainty premium for some time -- a premium that the Fed will still want to counter.
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Pace | Economic | Activity | Corporate | Earnings |
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There's still quite a bit of slack in the economy, and you can't push through prices until you eliminate that slack.
- Richard Berner
