Moody's Warns "of Jarring Slowdown" in Jobs, Jumps on Recession Bandwagon

``As credit ratings agency, Moody's is all about debt. What matters isn't whether or not there is a recession, but what the Fed is going to do. And this is what Moody's envisions: not only ZIRP as far as the eye can see, but if fewer than 100,000 new jobs are created three months in a row, "the expected direction of US monetary policy would probably shift from a rate hike to additional stimulus."''