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With so many economic institutions changing, it's hard to imagine there won't be a recession.
Recessions are generally caused by widespread resource misallocations that need to be corrected. When the whole economy is adapted to one set of norms (ZIRP, free trade, open borders, growing bureaucracy, etc) and those things change, there are suddenly a bunch of misallocated resources that need to change uses.
Couple that with the massive creation of new fiat money and I don't see how we miss a recession in the near future. Best case is that it's short.
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