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"All of this is why Chris Watling, the chief executive officer and chief market strategist of Longview Economics, told Bloomberg Television that he puts the chance of a recession anytime soon at a slim 10% to 15%. “It’s not my central case,” he said of a recession. “There is too much cash on the sidelines in terms of in people’s bank accounts. Yes, we’ve had a bit of an oil price spike and we got a gas price spike and these are issues, but if you listen to what the CEOs of American banks are saying … people of all income levels have much more cash in the bank then they had pre-pandemic, so there is a cushion.”   

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