He essentially reported what our weekly assessment of general conditions (the PWA Index) continues to signal; that the economy's in decent shape and that there's no reason -- in the data -- to worry that a recession is anywhere on the near-term horizon.
However, he added, and this should sound very familiar to regular readers,
"If a recession did happen in the short term, the most likely cause would be a breakdown between the U.S. and China"
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