The David Lin Report · Tuesday, June 30, 2026
Despite some concerns about a potential recession, Sam Burns views the labor market as holding up well, with low unemployment claims and moderate job growth. He believes there's little reason for the Fed to cut rates, and with immigration down, labor demand is sufficient to keep unemployment stable, making a recession unlikely in the next 6-12 months.
“I think the Fed knows, you know, inflation is too high. Uh, I think they're hoping or at least, you know, predicting that it'll go back down.”
“Uh, I think it so far it looks like the labor market is actually holding up better than expected.”
“Um, unemployment claims have stayed pretty low.”
“Uh yeah, I'd be [clears throat] surprised if there was a recession this year or in the next 12 months.”