Michael Kantrowitz on the coming recession

The conditions of every recession since 1960 - there's been eight - there's three preconditions: the Fed hikes, we have an inflation problem and we have tighter lending standards for banks.  We have all three of those conditions today.

~ Michael Kantrowitz, Piper Sandler chief investment strategist, CNBC interview, 3:00 mark, May 11, 2023