Economic data has been worse than in 2008/09. Does the market have it priced in?
On the back of the almost 3.3million jobless claims reported Friday, today we saw the Dallas manufacturing index drop to -70. This is far below the estimate of -10 and is lower than the bottom during the great financial crisis of -60.
John Rubino joins me today to share his thoughts on how bad this data can get and the lasting impacts. We also discuss the markets and how much of this is already priced in.
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