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He’s also scheduled to meet with CEOs to emphasize areas where the economy is strong.
Excerpted from: theconservativetreehouse.com...-235 801
The great pretending continues in order to protect the Federal Reserve from sunlight upon them. Central banks (U.S. Fed Reserve included) are raising interest rates into a recession, which is specifically against their legislative mandate.
Therefore, in order to protect the bankers, the pundits and politicians must deny a recession exists.
Pundit Steve Liesman spins the data, says we need to wait longer, and circles the wagons to protect the policy makers, specifically the White House.
Mohamed El-Erian tries to split the baby (02:00 video); while not admitting directly that the economy is in a recession, he states the “economy is weakening much faster than expected.”