The Deeper Dive into Deeper Recession

BlackRock's chief strategist says the Fed's two main economic gauges by which it guides its landings are broken, which means we could be in for a "deep recession."

One of BlackRock’s chief strategists says GDP may be lying this time around about recession and that the Fed’s key gauge that tells it when to stop tightening — the labor gauge — is also broken.

Until now, I have felt like a solitary voice in warning for well over a year that unemployment is a seriously broken gauge, claiming that trusting it right now a…