Bloomberg/Sagarika Jaisinghani/12-2-2022
“Bears (like us) worry unemployment in 2023 will be as shocking to Main Street consumer sentiment as inflation in 2022.” – Michael Hartnett, Bank of America
USAGOLD note: Bank of America made this analysis public before Friday’s surprise payrolls report showing strong gains in the employment sector. We would be surprised if the report altered BofA’s thinking.
