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How bad is the recession going to be? Big bulge bracket banks such as Morgan Stanley, Goldman Sachs and Bank of America are talking about a mild recession, blink and you might not even notice there was one. There are even brokers telling clients there might not even be a slump.
No-one, to be sure, wants a recession. But how much of the above is wishful thinking? After all, as every economist knows, soft landings are difficult to pull off.
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