Top Strategist Predicts Unemployment Doubling By Year-End, Inevitable Economic Hard Landing: 'Oh My Goodness, Be Careful Now'
Mizuho strategist Dominic Konstam voiced his concerns about an impending 'hard landing' for the U.S. economy. He postulates a potential rise in unemployment rates to 6% or 7% by year's end, a sizeable increase from the current low of 3.7%.