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Podcast: Money Life with Chuck Jaffe
Episode: RSM's Brusuelas sees recession starting now and running 9 months
Description: Joseph Brusuelas, chief economist at RSM, says that unless an off-ramp to current government policies can be found, he expects a recession that is starting now and likely to last nine months. He has raised his likelihood of recession to 55 percent, but said you can see already a pullback in orders, which in turn will lead to a price shock, and then pullbacks in spending and ultimately labor that will complete the slowdown process. Brusuelas expects a 1 to 1.5 percent spike in inflation in the next two to three months, which would push inflation above 4 percent, yet he does not...