Markets often rally strongly in the false dawn before recessions and major downturns because people believe inflation and monetary tightening impacts have already been absorbed, but ultimately the effects do congeal and recessions arrive; we are currently on the cusp of moving toward the Plunge phase.
forecastpending
Speaker
Lacy HuntEvidence Quote
“we we often go through a process in which people will say the recession is not coming that this time is different because the initial impact of the inflation and the monetary response don't seem to congeal But ultimately they do so comes after ease off and that's what we haven't seen yet [14:11]”
Created: 8/12/2026, 6:42:20 PM
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