Adem Tumerkan: ‘We won’t see any meaningful “recession” until in the later half of 2023 at the earliest’

The problem w/ all the stimulus is that it made prices greatly outpace wages

Thus individuals have actually grown poorer as wages can’t keep up

For those with savings/access to debt, they can use it to fill the difference (as we’ve seen)

But that will hit a wall pic.twitter.com/i79fRcdcmi

— Adem Tumerkan (@RadicalAdem) February 15, 2023

Yield curve pic.twitter.com/4JoOUHBYfa

— Álvaro Oviedo 🇺🇦 (@alvoviedo) February 15, 2023