I’m intrigued. My only question with recession fears is that unemployment, the real driver of containing exuberance, actually rises to reflect recession. There's technical recessions, then there’s real recessions. However if unemployment only rises 1-2%, then is it really the recession we all remember in decades past thst brings markets down? People have great wealth currently, derived from property capital gains. They’re still saving, though at negligible levels now, so until unemployment materially rises, on back of inflation, then will this party really be crashed? I’m just questioning old fundamentals Vs 2023 new world reality.
