Eric Siu argues the Fed will cut rates and print money to avoid recession, but this only delays the inevitable. He suggests recessions actually serve a purpose by cleaning out economic problems.
The Fed's not going to let the economy go into recession. And so what's going to happen then? The money printer needs to turn on. The rate cuts need to happen, right? And maybe to kick the can down the road. But I do believe that recessions are a good thing because it cleans out the gunk. And I think it's a natural thing that we've been putting off for a long time. I'd rather just get it over with, but I think we're going to be kicking the can down the road a little longer.
