Jim Paulsen, chief investment strategist at Wells Capital Management, is warning clients that the chances of an economic shock are growing, CNBC reports.
“Policy officials, economists and investors have become conditioned by the post-war experience that recessions simply don't happen until economic policies turn restrictive. Not before interest rates rise, the yield curve inverts and not until the Federal Reserve drains the punch bowl and the money supply slows,” CNBC quoted Paulsen. Read more
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