According to Andrew Zatlin the economic data are starting to conflict and that could mean we are approaching an inflection point. Less people are dining out in restaurants, buying diamonds and expensive Manhattan real estate. This can’t be a good indicator for the economy. Will it turn into a recession or will the Fed come to the rescue? Lady Janet Yellen is now throwing around the notion of buying stocks, which might be good for the stock market, but will it help the overall economy?
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