SocGen’s Global Head of Economics Argues a US Downturn Is Inevitable

Recessions aren’t like they used to be, says Kokou Agbo-Bloua,

The Societe Generale global head of economics, cross-asset and quant research contends fixed rate-debt and hefty cash piles have help companies develop short-term immunity to rising interest rates. So has the “kinetic velocity” of the vast fiscal stimulus of the last few years, he says.

Agbo-Bloua argues on this week’s Merryn Talks Money that while all of that’s nice for now, it can’t last.

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