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BofA's Hartnett: 'US government recession has started'
March 7, 2025 1:09 PM ESTBofA's Hartnett: 'US government recession has started'
The analyst comments "We buyers of 30-year US TreasuriesUS government recession has started after 5- year fiscal binge + DOGE = weak payrolls (government + quasi-govt = 70% of US payroll growth in Jan25 and 85% a year ago) + DOGE = higher savings rate for US households as conviction... More
