Apollo's Rowan Sees 'Non-Recession Recession' for US

The transcript discusses the current economic situation, focusing on the aftermath of the financial crisis, changes in financial markets, and the concept of a 'non-recession recession.' It highlights the lack of demand destruction despite high inflation and low unemployment rates. The discussion also covers the impact of high interest rates on inflation and the economy, predicting a slow reduction in inflation over the next 12 to 24 months. The speaker expresses uncertainty about reaching traditional recession levels of unemployment and questions the necessary conditions to achieve a 2% inflation rate.

What factors contributed to the changes in financial markets after the financial crisis?

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What does the speaker mean by a 'non-recession recession'?

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How does the speaker describe the current state of demand in the economy?

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What is the speaker's perspective on inflation and its impact on the economy?

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What uncertainties does the speaker express regarding future economic conditions?

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