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The story revolves around a warning from DiMartino Booth about an impending industrial recession, citing a historic split within the Federal Reserve. This warning is significant as it suggests a potential downturn in the industrial sector, which could have far-reaching implications for the overall economy. The predicted recession could lead to significant write-downs, potentially even to zero, in various industries, highlighting the need for investors and policymakers to be prepared for a possible economic shift.
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