Paul points us to this Bloomberg interview with ISI economist Ed Hyman. Funny, we were just discussing Ed in the office yesterday. He sees the economy slowing, but does not forecast a recession; Hyman also expects the Fed to eventually take rates down to 4%.
That is not quite our forecast. We see the economy continuing to slow, and a better than even money chance that we slip into a recession (How mild or strong is anyone’s guess).
However, given Hyman’s historical track record — he’s been the #1 ranked economist by Institutional Investor for the past 23 years — he is not a guy you really want to bet against.
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