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At the end of that speech at Columbia, you nodded to the fact that recessions are inevitable. Fed's job It's going to forestall them as much as they can. Policymakers, jobs or that.I'm very curious when you look at the labor market in particular, the rise that we've seen in the unemployment rate, that's kind of rise we've seen customarily before recessions. How do you assess the risk of there being a recession here in the near term when you look at the labor market, for instance. So I don't see a recession ...

is the ultimate insurance play. [music] >> One of the best maybe the best performing asset of 2025. Let's get the opening bell on the CNBC realtime exchange of the big board.It's direction celebrating the launch of its Titans leveraged and inverse ETFs at the NASDAQ burner technologies a personal defense technology company. Jim some um some work [cheering] CFRA Sam Stovall looking at Santa Claus rallies. Usually when you get one at the end of a year, the whole following year has better performance.>> Look, ...

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Let's get Kramer's mad dash as we count down to the bell. You >> think about the PE multiple of how it has shrunk because people kind of don't believe and there's been a lot of dispersions cast. If you want to buy gold, uh there's two ways to buy gold. You can buy gold through Costco.I do that as constantly as I can. And you can own a Nico eagle mines. I'm not allowed to own individual stocks, but people have to understand there's a Nikico Eagle and then there's just everybody else.They drill and have mines ...

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