Recession Inevitable by End of Year: JPMorgan's Michele

The video discusses investment strategies focusing on duration and market views, particularly in light of stress in the banking system. It explores the potential for adding more duration to portfolios, with a focus on two and five-year treasuries. The speaker predicts an inevitable recession by the end of the year, driven by central bank actions, including rate hikes and quantitative tightening. The discussion also covers the nature of the recession and the impact of central bank policies on the economy.

What is the significance of the transition from 'long and variable' to 'cumulative and lag' in central bank policy?

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What impact does the speaker anticipate from the cumulative and lag effects on the economy?

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