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>> yes, this is a critical point. nobody knows when the next recession is coming. no question, there are serious head winds of great concerns. you are right, they date back to trump and his trade war. our manufacturing sector has experienced falling out over the past couple of quarters. we don't know when it is coming. we don't know it is out there and the smart play would be to get ready for the next session. it is going to be real significance pressure in that regard. monetary space that's the rule that the federal reserve punch back is some what limited because interest rate is so low. but,...

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