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BLOOMBERG Bloomberg Real Yield July 14, 2024

Slowing economy. Still well above what you would expect at this late cycle. Fears about a u. S. Recession are not showing in this report. Very hard to get a recession in the next 12 months. You have got higher wages, hours trending up. The labor market is holding in. We were worried about manufacturing hours worked and we saw the numbers are hanging fine. The jury is out in the manufacturing sector. Uncertainty is on so many fronts. Maybe there are some budding signs of some weakness in the empl...
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